Macquarie Capital deployed $A1.5bn (£772.2m) in the quarter to 31 December 2023 through its private credit portfolio, according to an update published on Tuesday.
The specialist investment arm of Australia-headquartered Macquarie Group completed 59 transactions globally over the period, valued at $A65bn. Its private credit portfolio is now worth over $A20bn.
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It said it expects increased revenue in its 2024 financial year from growth in its private credit portfolio, although this will be offset by lower revenue due to the timing of asset realisations.
Overall Macquarie Group said its nine-month profit fell “substantially” .
The net profit contribution of its commodities business, as well as Macquarie Capital, was substantially down on the previous year.
Macquarie Group managing director and chief executive Shemara Wikramanayake, said: “Underlying client franchises were resilient in ongoing uncertain conditions with continued customer growth, fundraising and new business origination a feature across all of our businesses.”
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