INTHEBLACK: Private credit - Risks and rewards explained

INTHEBLACK: Private credit - Risks and rewards explained

From With Interest by CPA Australia

December 30, 2025 · 20 min

About this episode

This episode explores the booming private credit market, its risks, and its implications for investors and super funds.

Private credit is booming. But do investors fully understand the risks? In this episode, l earn the mechanics of private credit, its place within the private capital universe and why it's suddenly everywhere - from retail portfolios to billion-dollar super funds. Key takeaways include : Why private credit is not the "bond-like risk" some claim it is How super funds allocate private credit under regulatory pressure Why borrower type, loan structure and economic cycles matter What needs to change in how private credit is marketed The potential regulatory interventions on the horizon Whether you're an institutional investor or private wealth adviser, this episode is a must-listen . Host: Tahn Sharpe , E ditor INTHEBLACK , CPA Australia Guest : Michael Block , CIO , Bellmont Securities You can le arn about Bellmont Securities at their website and find them on LinkedIn. Additionally, discover more with this o verview of private credit from the RBA . And you can read Michael's contributions on Investor Strategy News: The four-letter word private credit investors have forgotten Credit's day of reckoning is upon us Y ou can find a CPA at our custom portal on the CPA Australia website…

People in this episode

Host: Tahn Sharpe

Guest: Michael Block

Topics covered

  • private credit
  • investment risks
  • super funds
  • regulatory pressure
  • economic cycles
  • marketing of private credit

Keywords

  • private credit
  • investment risks
  • super funds
  • regulatory interventions
  • loan structure
  • economic cycles

Mentioned in this episode

Organizations: Bellmont Securities, CPA Australia, RBA

Books & works: Investor Strategy News

More episodes of With Interest

Explore listener stats, chart rankings, contacts and more on the With Interest podcast page.