Finance
Schroders Closing Its Australian Private Debt Business
- Schroders had less than A$100 million private credit assets
- Firm will focus on real estate lending, asset-backed finance
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Schroders Plc is closing its Australian private-debt business, citing intense competition for fund raising and sourcing investments.
The Australian private debt market is an increasingly competitive space, Schroders Australia CEO and chief investment officer Simon Doyle said in an emailed statement. “As we look to focus our business and build scale globally, we believe the efforts of our private assets team are better directed towards other areas.”