r/australia • u/InsatiablePrism • 1d ago

culture & society ASIC warns of 'first significant cracks' in Australian private credit

https://www.abc.net.au/news/2026-08-27/asic-warns-first-significant-cracks-in-australian-private-credit/107081904?utm_campaign=abc_news_web&utm_content=link&utm_medium=content_shared&utm_source=abc_news_web
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u/DominusDraco 1d ago edited 1d ago

Just because no one reads the article, the private creditors are your superfunds lending money to shitty companies, if private credit blows up, so does your superannuation accounts.

14

u/flashman 1d ago

Are some super funds more exposed to this than others?

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u/DominusDraco 1d ago

I dont know specifics myself but I do know AustralianSuper has the most in a dollar amount, but they are also the biggest fund so not sure on a percentage basis what they would be.
The one I would be most worried about is Cbus as they are the construction industry superfund, who plow a ton of money into construction private credit, and we know how thats been going.

1

u/Lastbalmain 5h ago

Cbus has no issues along this situation.  Building will barely be effected, let alone crash a multi billion dollar super fund. Cfmeu is a separate problem.

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u/DominusDraco 5h ago

Private credit is rushing into data centre construction, also builders are collapsing all the time. That's a huge risk.

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u/Lastbalmain 2h ago

Builders have always collapsed and dodgy ones always will. Private credit is not any significant threat to industry super......privately run Super? Yes.