Sydney HNWI drops $24m on EG building
A private investor has purchased EG's Mungo Scott Building, situated within the iconic Flour Mill of Summer Hill precinct for $23.8 million.
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A private investor has purchased EG's Mungo Scott Building, situated within the iconic Flour Mill of Summer Hill precinct for $23.8 million.
Greg Thomas and Michael Volkiene will join the private credit fund manager as its chief operating officer and general manager, loan origination and credit, respectively.
In Australia, private debt represents approximately 10 per cent of the total property loan market, with more brokers looking to private lenders for solutions. In this feature, sponsored by Msquared
Following its decision to tap into the private debt market, EG Funds (EG) has appointed a director of business development to expand its fast-growing private wealth division.
The private credit boom shows no signs of abating as a spate of wealth managers step into traditional lending practices once dominated by banks. But how long will its golden hour last?