AFR Street Talk: Sydney’s Epsilon Direct Lending, a private credit boutique founded by ex Commonwealth Bank leveraged finance operatives, has been shopping for talent at the Big Four as it shoots past $500 million in loans.

Epsilon Direct Lending Founding Partner, Joe Millward was recently interviewed on Mergermarket and spoke to a range of issues in Australia’s asset management industry. Joe discussed the state of the Australian private credit market, the role Epsilon plays in supporting PE-sponsor and corporate M&A financings, and how Epsilon's sustainable edge is built on the pillars of efficient decision making, enduring sponsor relationships and specialisation.

ASIC’s current deep dive into private credit isn’t a warning shot, it’s a recognition that the market has matured enough to warrant one. For serious managers and informed investors, this scrutiny is welcomed.  

Not all credit leads to the creation of value by the borrower. While lending is often seen as an engine of economic activity, the purpose behind a loan matters more than ever.

Joe Millward takes a deep dive into the Epsilon Direct Lending Fund, what segments we target and why 'constituents of return' are important. 

In private lending, experience is crucial, especially when navigating downturns that stress-test a business’s cash flows. In this interview, Joe Millward explains why investors should value a private credit provider’s lived experience to effectively manage risk.

In Australia, there are around 35,000 mid-market companies, each generating revenues between $25 million and $500 million. Joe Millward explains why the booming mid-market space is fertile ground for quality private lending opportunities.

Joe Millward explains the facts behind banks’ corporate lending and the opportunities Epsilon is taking advantage of. A common narrative in the world of private credit is that major banks are retreating from business lending, Joe challenges this view.