Bathla collapse forces CVS Lane to halt investor withdrawals
CVS Lane has reportedly suspended withdrawals from its about $2.1 billion in funds due to exposure across nine loans to developer Bathla, which entered administration this week.
Why it mattersWealthy investors now cannot access their money. Australia's $2.5 trillion private credit sector is showing first significant cracks as the Bathla collapse spreads.
AustraliaAustralian investors in these private credit funds can't access their cash and face potential losses if Bathla's assets don't cover the loans.
✓ Claims checked against the source. checked 2 h ago
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