From hamiltonlocke.com.au: ASIC released a discussion paper exploring the dynamics between public and private markets, highlighting a significant shift of funds from public to private markets over the past decade.

The paper raises concerns about the growth of private capital, particularly regarding reporting, valuations, and potential systemic risks as private equity and credit sectors expand.

ASIC seeks feedback from market participants on these issues and plans to enhance regulatory scrutiny to address risks related to transparency and investor protection.