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(Bloomberg) -- Ares Management Corp. has raised A$2.6 billion ($1.7 billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending.Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaUkraine’s Army Chief Replaced After Rift With ZelenskiyNew York City Is Considering a Laundry Pods CrackdownEinhorn Says Markets ‘Fu

South Australia’s premier executive appointments column tracking the movements of those driving the state’s public and private sectors. Plus, the latest executive recruitment opportunities.  

Global private equity and venture capital interest in the consumer discretionary sector fell sharply in the first half of 2023

(Bloomberg) -- Private equity firms are turning to a new weapon to help them get their buyouts over the line: less-than-conventional funding.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTrump Returns to Musk’s X With Post of Georgia Mug ShotMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapM&A activity has slumped this year

The lender group also reportedly includes Barings, KKR, Macquarie Group, Nomura Holdings, Partners Group, and Pierfront Capital.