Andrew Lockhart

Equity Trustees has been appointed Responsible Entity (RE) and Custodian for the Metrics Direct Income Fund (Fund) which is managed by Metrics Credit Partners (Metrics), a leading Australian non-bank corporate lender and alternative asset manager specialising in origination and active management of private debt portfolios.

The Fund seeks to provide monthly cash income, capital preservation, and portfolio diversification by gaining exposure to diversified portfolios of directly originated loans to Australian companies.

Russell Beasley, Executive General Manager, Corporate Trustee Services, Equity Trustees said Equity Trustees was pleased to be selected by Metrics as both custodian and responsible entity for such an innovative income fund.

“We’re seeing a diversity of options available to investors who need income. Equity Trustees is excited to perform this dual role and bring our years of experience in custody and funds governance to Metrics’ direct private debt and loans capability,” said Mr Beasley.

Andrew Lockhart, Managing Partner at Metrics said: “Equity Trustees have adeptly stepped in as our new RE for the Metrics Direct Income Fund. We are fortunate to work with such an established organisation and benefit from its reputable custodial experience and wealth of expertise.

“The Fund offers everyday Australians access to well diversified portfolios of private debt assets, providing them with a regular income stream that has traditionally only been available to wholesale investors.”

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