Metrics Direct Income Fund
Metrics Credit Partners (Metrics) has launched a new unlisted private debt fund - called the Metrics Direct Income Fund - which invests in directly originated private loans to Australian companies.
The fund is targeting returns of 3.25 per cent a year above the Reserve Bank of Australia cash rate ( currently 0.25 per cent) with income to be paid to investors monthly.
The fund invests in a portfolio of loans to more than 150 Australian companies.
“In a low-rate and low-yield environment, the Metrics Direct Income Fund provides a potential investment option for investors - such as retirees and self-managed super funds - to replace their declining dividend and interest returns with an alternative source of income,” Andrew Lockhart, managing partner at Metrics, said.