Australian Fund Manager Tanarra Capital Eyes Private Credit Fund.

Australian money manager Tanarra Capital is planning to launch a A$1 billion private credit fund to provide loans to local companies. The fund will offer loans between A$100 million and A$150 million with maturities ranging from seven to 12 years and high single-digit interest rates. The loans will target diversified industrial companies in sectors such as transport, logistics, and building materials, which currently face limited funding options. Tanarra Capital aims to tap into Australia's fast-expanding pension savings pool, offering an alternative funding source to companies that primarily rely on banks, bonds, and the US private placement market. [Extracted from the article]