Metrics progresses consumer lending expansion with 2 acquisitions
Metrics Credit Partners has completed the acquisition of Taurus Financial Group and BC Investment Group as it looks to launch consumer lending arm Navalo.
The two firms were previously held in the Metrics Credit Partners Income Opportunities Trust, but have now been sold by the trust to the parent company.
This was 100 per cent of shares in Taurus Financial Group and 29.8 per cent minority interest in shares in BC Investment Group.
This will allow them to sit within Navalo Financial Services Group, a wholly owned subsidiary of Metrics which it intends to launch as a direct origination platform to offer an alternative source of financing.
Metrics managing partner, Andrew Lockhart, said: “The integration of Taurus and BC Invest is an important step in Metrics’ growth, expanding our reach and reinforcing our commitment to deliver value for both borrowers and investors. We’re pleased to welcome the Taurus and BC Invest teams into the Metrics Group and are confident their expertise will play a key role in the continued success of our combined business.
“Metrics’ scale enhances our ability to originate high-quality investment opportunities and offer investors access to well-managed, diversified private credit products. We remain entirely focused on our core strengths: raising capital through trusted channels, deploying it with discipline into high-quality investments, and managing risk with robust governance to deliver strong, consistent outcomes for our investors.”
Metrics currently manages over $30 billion in assets under management across three ASX-listed funds.
Last year, the firm announced it was expanding its private credit fund range with a managed fund for retail investors. The Metrics Real Estate Income Fund is a managed fund offering retail investors access to its existing Real Estate Debt Fund, which is currently open for wholesale investors only.
Meanwhile, its Real Estate Multi-Strategy Fund raised more than $300 million when it listed last October, offering access to both private commercial real estate (CRE) debt and equity investments. The fund targets a total return of 10–12 per cent per annum net of all costs through the economic cycle and aims to provide investors with exposure to a diversified portfolio of private markets CRE investments across the entire capital structure.
AUTHOR
Laura Dew
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