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flag Australia’s $1.8B Public Hospitality Group collapse reveals risks in its $200B private credit market, prompting calls for stronger oversight.

flag The collapse of Australia’s $1.8 billion Public Hospitality Group in 2026 has spotlighted growing risks in the nation’s $200 billion private credit market. flag Led by former businessman Jon Adgemis, the failure exposed poor governance, opaque fees, and weak risk communication, prompting warnings from regulators despite no proven wrongdoing. flag While super funds were not directly harmed, ongoing investments in private lending raise concerns about potential future losses, especially as experts draw parallels to U.S. market instability and emphasize the need for stronger oversight to protect investors.

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