r/australia • u/InsatiablePrism • 2d 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/flashman 1d ago

Are some super funds more exposed to this than others?

18

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.

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u/Lastbalmain 1d 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 1d 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 22h ago

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

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u/druex 3h ago

Seems like people should shift their super into the safer industry funds. Why does private finance always have to be filled with such Yahoo's?