From a purely ethical standpoint, Partners for Growth have damaged their reputation in the Australian private debt markets.
i know shareholders come last, but PFG's communication around this whole saga has been atrocious.
i'm expecting them to shut up shop here. There are so many alternative sources of funding.
I see HotDoc are a new client. Why on earth the founders chose PFG is beyond me.
PFG are also marketing on their website they fund Koala. Big deal....
PFG hardly rate as an active player.
Not to mention, SVB was the underlying financier.
What a disaster of a firm.
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