Goldman, Blackstone to Fund $976 Million Loan for Pharma Buyout

Several private credit heavyweights are set to join Australia private equity firm BGH Capital Pty.’s A$1.4 billion ($976 million) loan backing its acquisition of Aspen Pharmacare Holdings Ltd.’s Asia Pacific operations, according to people familiar with the matter.

Goldman Sachs Asset Management LP, Blackstone Inc. and Apollo Global Management Inc. will provide the loan, the people said, who asked not to be identified discussing private matters. The deal underscores the growing role of private credit in Australia as a funding source, even as the asset class faces mounting risks and heightened regulatory scrutiny.