Jan 30, 2026
4 Comments
 

Based on the most helpful WSO content, here are some key players in the infrastructure private debt space with a presence in Australia, covering both senior and junior/mezzanine debt:

  1. HPS Investment Partners

    • A leading player in Australia and New Zealand with a strong presence across the Asia-Pacific region.
    • They are a top global player in senior, unitranche, mezzanine, and preferred equity, managing approximately $60 billion globally, with ~$35 billion in private credit.
  2. Bain Capital Credit

    • Strong presence in Hong Kong and Australia.
    • They handle a range of credit strategies, from senior loans to special situations.
  3. Partners Group

    • Active in Asia and Australia, with offices in Singapore and Sydney.
    • They manage $20 billion globally and have a strong focus on infrastructure and private credit.
  4. KKR Credit

    • Operates in the region with a mix of special situations credit and other private debt strategies.

These firms dominate the market share in direct/bilateral loans and deals, with a focus on both senior and mezzanine lending. Additionally, the market in Australia is increasingly favorable to non-bank lenders due to a structural shift away from traditional bank underwriting.

Sources: Best direct lending shops in Asia, Anyone know about Maranon Capital?, Overview of Infrastructure Private Equity, Mezzanine Finance: What exactly do you do here?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

ANZ infrastructure debt is largely dominated by commercial banks. Considered IG product with pricing within BBSY 100-200bps

There are generalist private credit funds who finance (1) early stage infrastructure projects and (2) subordinated debt / preferred equity to earn 10-20%+ returns but few and far between (Ares Infra Debt - ex AMP, asia credit hedge funds - king street, sona, tor etc, Stonepeak - IG product)

 

Thanks, I am currently working at a LMM infra Debt fund in London which is highly focused on renewables and digital infra and has a lot of flexibility over deal structure etc and was wondering if there were any similar names in Aus. 

For the generic private credit shops do you have a rough idea on the allocation % mix between infra vs other industries like real estate etc. 

On the 'early stage' are you referring to construction bridge financing and devex financing to portfolios?

Also, do you have much insight on the super/pension funds? Are they active in infra or more focused on real estate?

 
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