Navigating private credit & commercial property | Andrew Lockhart

In today’s ROCast Murdoch speaks with Andrew Lockhart, the Managing Director of Metrics Credit Partners. Metrics Credit partners are a leading Australian non-bank corporate lender and alternative asset manager specialising in fixed income, private credit, equity and capital markets.

Metrics currently manages roughly $14billion and gives investors access to these strategies via a range of unlisted and listed managed funds. With this approach, the flagship Metrics Direct Income Fund targets a return of RBA cash rate plus 3.25% and as of the 28th of July 2023 the fund has returned 7.93% for the past year and has averaged 6.77% since inception. Please see table below for current performance as of October 2023.

Andrew gives insights into the origins of Metrics, their process and lending philosophy. Andrew also outlines the private lending universe, the overall health of the loans in the portfolios and gives his thoughts on the outlook for private lending in current markets. In particular, I found the conversation on commercial property to be quite insightful, so before we get into the podcast, I would also like to encourage you to listen to the disclaimer at the end of this ROCast and to keep your feedback coming.

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