The private credit cockroaches eating our rich-listers
MA Financial Services is facing significant market pressure and share price declines due to investor fears regarding private credit exposure. Despite the firm's strong financial results, concerns about the broader private credit sector have led to a major loss in value for its leadership.
Why it matters
It highlights the growing systemic anxiety surrounding private credit markets and how investor sentiment can impact firms even without direct exposure to failing developers.
Save You have reached your maximum number of saved items.
Remove items from your saved list to add more.
Share A A A It was shaping up to be a diabolical year for Sydney Swans chairman Andrew Pridham, even before he had to get to grips with the suspension of key players ahead of the AFL’s finals season.
The asset management giant Pridham co-founded, ASX-listed MA Financial Services, was getting smashed by nervous investors fretting if it was the next private lender saddled with loans to a failed developer like bankrupt pub tsar Jon Adgemis, or collapsed home builder The Bathla Group .
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in