4 days ago
Australia Regulator Probes $20 Billion Private Credit Manager
Australia's corporate watchdog is scrutinizing private credit manager Metrics Credit Partners Pty because of concerns over loan valuations and governance practices that have emerged as part of a broader industry probe, according to people with knowledge of the matter.
The probe is part of a two-year review of private markets that the Australian Securities & Investments Commission is conducting across the industry. The regulator is giving more attention to Metrics and some of its transactions because of specific concerns about the firm's practices and in light of its substantial exposure to real estate, according to the people.
