Australian specialist fixed income and credit investment manager Global Credit Investments said yesterday that it was behind the latest round of financing for OnDeck Australia's small business loan book. GCI said it had raised A$22.5 million from Australian high-net worth individuals and family offices. These funds have been channelled through a "special purpose bankruptcy remote structure" with Perpetual as the trustee. Steven Sher, chair of GCI, said his firm "continued to see further opportunities in the alternative credit sector, given ongoing increases in bank regulation, improvements in technology and the availability of credit data.""We're finding a vibrant interest in alternative credit investments whereby investors are stepping in to fund Australian small businesses where the banks are not stepping up," he said.OnDeck launched its Australian operations in April 2015. The company aims to provide working capital to small businesses within one business day.