The corporate regulator has forced Remara, a major private credit firm with a $3 billion loan book, to stop accepting money in one of its funds and warned the company was inadequately disclosing risks.
The move by the Australian Securities and Investments Commission, which targeted three products in the Remara Cash Management Fund, came as the regulator warned the private credit sector that it was aggressively watching firms and was focused on the disclosure of risks and valuations.
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