INTHEBLACK: Private credit - Risks and rewards explained

INTHEBLACK: Private credit - Risks and rewards explained

Author: CPA Australia December 30, 2025 Duration: 19:54

Private credit is booming. But do investors fully understand the risks? 

In this episode, learn 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, Editor INTHEBLACK, CPA Australia 

Guest: Michael Block, CIO, Bellmont Securities 

You can learn about Bellmont Securities at their website  and find them on LinkedIn. 

Additionally, discover more with this overview of private credit from the RBA. 

And you can read Michael's contributions on Investor Strategy News: 

You can find a CPA at our custom portal on the CPA Australia website. 

Would you like to listen to more INTHEBLACK episodes? Head to CPA Australia's YouTube channel. 

CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:

Search for them in your podcast platform. 

Email the podcast team at podcasts@cpaaustralia.com.au


Tune in to With Interest for a clear-eyed look at the forces shaping the world of business and finance. Presented by CPA Australia, this weekly discussion moves beyond the headlines to explore the practical implications of change for accounting professionals, business leaders, and anyone with a stake in the economic landscape. You’ll hear from practitioners and experts who break down complex topics in auditing, taxation, and corporate strategy into actionable insights. The conversations in this podcast are grounded in real-world application, whether the subject is a shift in regulatory frameworks, emerging leadership challenges, or broader economic trends. It’s a resource designed to inform your decisions and deepen your understanding of the professional landscape. For those looking to stay current and think critically about their work, With Interest provides a reliable and engaging audio companion. Each episode serves as a timely update and a catalyst for deeper professional reflection, all delivered with the authority and depth you would expect from CPA Australia.
Author: Language: English Episodes: 95

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