Join us on Ausbiz regularly for a wide-range of credit market discussions.
12 NOVEMBER 2024
Cathy explains the long-term structural shift in Australia’s lending market where private lenders are no longer seen as a ‘lender of last resort’ and rather as a core part of the system with a strong track record in supplying bespoke financing solutions and capital developers need.
29 OCTOBER 2024
Frank sat down for an in-depth discussion around what he and the team are seeing on the ground in the US in private credit markets.
Frank discusses the major $25 billion co-lending agreement between Apollo and Citibank and explains why this is the next evolution in private credit, demonstrating banks and private lenders are not foes and rather can collaborate for mutual benefit and greater client outcomes. Frank also explains how we leveraged this type of co-lending arrangement in an Australian-first partnership with Humm Group’s asset finance platform Flexicommercial to acquire up to $1 billion worth of its commercial asset finance loans via our private credit managed funds.
01 OCTOBER 2024
In September APRA announced proposed changes to simplify the capital frameworks for Australia’s banks, by removing AT1 hybrids and replacing them with Tier 2 bonds and more equity.
In his latest interview with Ausbiz’s Andrew Geoghegan our Head of Credit Investments and Lending Frank Danieli shares his views and answers the question: with over $40 billion currently invested in these hybrids, where will those investors go?
09 JULY 2024
Frank Danieli discusses the recent Citibank report noting the increasing levels of competition major banks are facing from private credit, and how real the threat is for our banks.
12 JUNE 2024
Frank Danieli explains why private credit is a structural evolution in lending away from the banking system into private markets, and not risky business.
Frank also explains how, when done well, private credit has the potential to offer investors a premium return with less volatility versus equities and bonds.
14 MAY 2024
Private credit and secured real estate credit has an historical track record of delivering investors strong returns of up to 9%+ p.a. while simultaneously focusing on capital preservation.
In her latest interview with AusBiz’s Andrew Geoghegan, Managing Director and real estate credit expert Cathy Houston explains the key questions investors need to ask themselves when choosing a real estate credit manager.
16 APRIL 2024
What should we expect in the world of private credit if central banks are slower than expected to cut interest rates? Who will be the winners and who will be the losers?
In his latest interview with AusBiz’s Juliette Saly our Head of Credit Investments & Lending Frank Danieli shares his views, emphasising the importance of investing with a manager with strong underwriting capabilities and criteria ensuring borrowers can service their debt in a higher for longer environment.
Frank also explains how private credit’s defensive position in the capital structure provides investors with a margin of safety. He discusses why the winners will be those managers able to step into the void left by the retreat of traditional banks and service high quality borrowers that can perform through cycles.
20 FEBRUARY 2024
In his latest ausbiz interview with Andrew Geoghegan our Head of Credit Investments and Lending Frank Danieli discusses credit’s strong start to the year with a record-breaking US$189 billion bond issuance in January.
Frank discusses whether surging demand and tighter spreads make sense, or whether there are better relative value trades for the defensive part of investors’ portfolios in other parts of the credit market.
06 FEBRUARY 2024
In his latest AusBiz interview with Andrew Geoghegan, our Head of Credit Investments and Lending Frank Danieli explains why private credit was the asset class of 2023, how this all-weather strategy can offer consistent performance and higher returns compared to equities and bonds, and its strong outlook for 2024.
15 NOVEMBER 2023
In his latest AusBiz interview with Andrew Geoghegan, Frank Danieli our head of Credit Investments and Lending explains how and why private credit has outperformed traditional fixed income by up to 2.6 times over a 20-year period. Frank also discusses how the asset class offers greater capital preservation and less volatility compared to equities, while earning a similar return.
From an investor portfolio construction perspective, Frank suggests now is the time for the narrative to shift from: ‘how much do I want to be exposed to growth versus defensive assets?’ to ‘where can I get the best return relative to the low or controlled risk I'm taking’?
21 JULY 2023
What does the global contraction in credit availability mean for investors in companies relying on financing?
Is there a significant credit default cycle coming? Which parts of the market might be most affected, and where might be the best opportunities?
Frank Danieli, our Head of Credit Investments & Lending, addresses these questions and more with AusBiz host Nadine Blayney.
13 JULY 2023
Bond markets sold off heavily last week sending yields soaring. What caused the rout, will volatility persist, and why do investors keep getting caught out?
In his latest interview with Andrew Geoghegan from AusBiz, our Head of Credit Investments & Lending Frank Danieli discusses bond markets, along with the three most important things when it comes to investing in private credit:
Frank and Andrew also discuss the future of the traditional 60/40 portfolio.
02 DECEMBER 2022
What does the FTX collapse and its contagion effect across the crypto landscape mean for adoption of new technologies like blockchain to power finance and lending?
In his latest AusBiz interview with Andrew Geoghegan, self-confessed “traditional credit and finance guy” and our Head of Credit Investments and Lending, Frank Danieli, shares his views and discusses whether MA Financial would ever lend on the blockchain.
03 NOVEMBER 2022
Now might be the best time for credit investing in a generation, according to Frank Danieli, our Head of Credit Investments and Lending, but it's also a time to be cautious and ensure your portfolio is focused on high quality assets that will be resilient through ongoing market volatility.
Frank discussed how investors can capitalise on these thematics without risking their portfolio during his regular appearance on ausbiz with Andrew Geoghegan this week. They also discussed some emerging opportunities in credit which might arise from the federal budget handed down last week, despite its fiscal tightening agenda.
19 OCTOBER 2022
In the past few weeks, UK pension funds and other global investors have been rapidly auctioning off around $1 billion of Australian mortgage and asset backed securities.
Many investors are wondering why. More importantly, what does this ‘fire sale’ mean for Australia’s credit markets, borrowing costs and lending conditions. Is it a threat or are there opportunities at play?
Frank Danieli, Managing Director and Head of Credit Investments and Lending, answers these questions and more during his regular appearance on ausbiz with Andrew Geoghegan.
05 OCTOBER 2022
Is it time to be greedy when others are fearful?
Bonds and traditional fixed income are experiencing their worst performance in decades following aggressive rate moves by central banks. Is there opportunity amongst this chaos? Alternatively, is it time for investors to look beyond bonds for the defensive part of their portfolio including towards high quality, private market, floating rate credit investments that may offer protection in the current market.
And in a rising rate environment, is there a risk that higher funding costs will create a class of over-leveraged, zombie companies as central banks continue to pursuing a tightening cycle? What does this mean for investors?
07 SEPTEMBER 2022
There is ongoing debate about the role Australia’s $3+ trillion superannuation system can play in financing ‘nation building’ initiatives, from social housing to decarbonising the economy and lending to local businesses to unlock growth.
Is this only a theme for large institutions like super funds or are there worthwhile opportunities for private investors to participate?
Managing Director Frank Danieli was asked about this topical issue during his regular appearance on AusBiz with Andrew Geoghegan.
In addition to explaining why he thinks the current debate is “a little bit upside down,” Frank also discussed with Andrew how investors can earn compelling risk-adjusted returns while gaining exposure to secular thematics like funding Australia’s growth, business investment in ‘onshoring’ and the sustainable energy transition through private credit.
09 AUGUST 2022
US half-year earnings season is nearing its end, while in Australian companies are just beginning to report. What lessons can be gleaned from global companies about the outlook for Australian consumers and businesses? And what does this mean for credit investors, banks & financial institutions in our market?
In today’s bi-weekly Tuesday morning interview with Ausbiz, Frank Danieli, Managing Director and Head of Credit Investments and Lending, discussed this topic with Andrew Geoghegan.
They also addressed the hot topic that over $250 billion of home loans on ultra-cheap fixed rates are expiring in the next 18 months. These customers will have to pay much higher rates. What does this mean and what should investors be considering when making investment decisions?
26 JULY 2022
Traditional fixed income (bonds) did not perform its intended defensive function in the last year, falling double digits in value globally. Many investors are now turning to other defensive strategies like private credit for more resilient returns and income.
In his latest bi-weekly interview with Ausbiz, Frank Danieli, Managing Director and Head of Credit Investments and Lending, had a wide-ranging discussion with Andrew Geoghegan addressing this trend and whether the opportunities are better in public or private assets.
What is the best way to access this trend? Is it listed investment companies (LICs) which were a hot commodity several years ago, or is this a value trap for investors?
They also dove into the big Private versus Public debate for investors in managed funds to superannuation: how do investors get certainty about true valuation and performance?
12 JULY 2022
2021 was a blockbuster year for debt markets with a lot of companies loading up on cheap loans. Is the tide turning as rates climb, and could this drive an increase in corporate debt defaults? Are there hidden risks investors aren’t seeing?
In his latest wide-ranging interview with Ausbiz, Frank Danieli, Managing Director and Head of Credit Investments and Lending, discusses these questions with Nadine Blayney along with recent bond market sell-offs and the opportunities in the often-overlooked Private Credit market.
28 JUNE 2022
In his latest interview with Ausbiz, Frank Danieli, Managing Director and Head of Lending and Credit, had a wide-ranging discussion with Andrew Geoghegan covering:
Fintech: is this a generational opportunity to buy disruptive companies changing the future of finance, or is there more pain to come? And why, when it comes to investing, we see opportunities in the credit space and owning the underlying loan books versus trying to pick the winners.
Banks and financials: historically, rising interest rates have meant banks could expand their net interest margins by charging customers more. Will that happen this time, or are different factors at play?
15 JUNE 2022
In the current market characterised by high inflation, rising interest rates and volatile equity and bond markets, many borrowers and investors are turning to private credit.
In his latest interview with AusBiz, Frank Danieli, Managing Director and Head of Lending and Credit, discusses the outlook for non-bank lenders and private credit funds, and explains why there continues to be a tremendous amount of investor capital flowing into this $250 billion variable rate asset class.
