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Metrics Credit Partners fund trading and redemption freeze

Updated 2 times since CLSTR started tracking revisions of this situation.

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2026-09-30 06:22 UTC → 2026-10-04 21:54 UTC · added removed

Metrics Credit Partners fund trading suspension and redemption freeze

Pinnacle Investment Management announced a temporary trading pause for three funds managed by its affiliate, Metrics Credit Partners Pty Limited: the Metrics Master Income Trust, Metrics Income Opportunities Trust, and Metrics Real Estate Multi-Strategy Fund. Subsequent reports clarified that the suspension followed an audit by KPMG. Auditors disagreed with the assumptions and probability weightings used in the firm’s preliminary financial reports, leading to significant markdowns in the funds' net tangible asset values. Specifically, the Metrics Real Estate Multi-Strategy Fund saw a 12.16% reduction, the Metrics Income Opportunities Trust fell by 10.08%, and the Metrics Master Income Trust was cut by 1.99%. These adjustments were attributed to a reassessment of unlisted commercial real estate equity investments and increased provisions for potential loan losses driven by interest-rate and macroeconomic conditions. The development occurred amid broader regulatory scrutiny of valuations and governance within the Australian private credit sector. Metrics Credit Partners, which oversees approximately A$40 billion, has since frozen investor redemptions for the affected funds and delayed the release As of audited financial reports. While Metrics stated it early October, the situation has no exposure escalated. KPMG refused to the collapsed property developer Bathla Group, sign off on full-year accounts by the situation September 30 deadline due to ongoing valuation disagreements. Consequently, Metrics has occurred as implemented a 90-day freeze on redemptions for its unlisted wholesale funds, including the industry faces pressure from interest rate hikes A$6 billion Metrics Wholesale Investment Trust and the recent administration of Bathla, which owed A$3 A$5.4 billion MCP Real Estate Debt Fund. In response to various lenders. Shares in Pinnacle Investment Management, which holds a 35% equity interest in the instability, S&P Global placed four rated wholesale Metrics Credit Holdings Pty Limited, experienced volatility following funds on credit watch, and Perpetual suspended distribution reinvestment plans for certain trusts. The Australian Securities and Investments Commission is currently monitoring the announcement. sector to ensure redemption decisions serve investor interests.

Versions

  1. 2026-10-04 21:54 UTC Metrics Credit Partners fund trading and redemption freeze
  2. 2026-09-30 06:22 UTC Metrics Credit Partners fund trading suspension
  3. 2026-09-28 06:22 UTC Metrics Credit Partners fund trading suspension

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