Avenue Capital Group, a New York-based investment firm, is in advanced discussions to acquire CapitaLand’s corporate lending unit in Australia.This unit, which was purchased by CapitaLand last year as part of its acquisition of Wingate, holds exposures to private equity-owned assets such as Team Global Express and National Plant & Equipment.

The deal underscores growing interest in Australia’s private credit market, with Avenue Capital’s Asia-Pacific leader, Anil Gorthy, spearheading the negotiations.

The transaction reflects broader trends of cross-border investment in real estate and private equity assets, particularly in sectors with strong cash flow potential.

CapitaLand’s move to divest its Australian lending operations highlights the evolving landscape of corporate finance, where strategic acquisitions are increasingly used to expand market reach and diversify risk.

Analysts suggest the deal could set a precedent for similar transactions in the region, driven by the demand for flexible financing solutions in a maturing private credit market.