What to ask a private credit manager.

In a mortgage fund, the valuation is the risk control. LVR covenants, drawdown tests and security cover all resolve to numbers produced by external professionals the manager selects. These are the questions that reveal how much discipline sits behind those numbers — and they are answerable. A manager who cannot answer them in writing has told you something.

How to use this. Ticks are saved in your own browser only. Prepared for wholesale investors and their advisers. This is a framework for asking questions, not an assessment of any manager, product or fund, and it is not a substitute for reading the offer documents or obtaining your own advice. Practices described are observations of the Australian private credit market over 2024–2026. General information only. It is not financial product advice, does not take account of your objectives, financial situation or needs, and is not an offer of, or invitation to acquire, any financial product.