



Phoenix Group has announced a £75m private debt investment with Worley, a global professional services company of energy, chemicals and reources (ECR) experts.
This deal marks Phoenix's first private transaction with an Australian counterparty, signalling the firm's strategic expansion into the Australian and broader APAC markets.
"Australia itself presents a compelling investment landscape for our private markets strategy with opportunities across private credit, energy transition, as well as social and affordable housing," Phoenix Group head of private markets, Cecile Retaureau, said.
"Phoenix is investing in the broader Australian economic narrative, not just in a company. The country's robust regulatory environment, coupled with its strategic position in the APAC region, makes it an ideal getaway for expanding our portfolio."