Andrew Crawshaw Put $1.2 Million Into Private Credit as Bathla Collapse Exposed $3.4 Billion Hole
Updated
Updated · The Australian Financial Review · Sep 9
Andrew Crawshaw Put $1.2 Million Into Private Credit as Bathla Collapse Exposed $3.4 Billion Hole
2 articles · Updated · The Australian Financial Review · Sep 9
Summary
$1.2 million of Andrew Crawshaw's retirement savings is tied up in private credit, leaving him uneasy after Bathla's collapse jolted confidence in the sector.
Bathla owed $3.4 billion to creditors when it failed, alarming investors even like Crawshaw who say they had no direct exposure to the property developer.
The anxiety centers on the similarity between Crawshaw's investments and the private-credit funding Bathla used on some projects, underscoring how one developer's failure is rippling across the market.