Metrics hits back at critics, says there’s plenty of money flowing in

The private credit giant held a conference call with investors after a big financial planner recommended advisers sell their funds.

Jonathan Shapiro and Primrose Riordan

Mar 19, 2025 – 4.43pm

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Metrics Credit Partners managing partner Andrew Lockhart has attacked Count Financial as having an immaterial and insignificant stake in its funds after the wealth management firm recommended advisers sell their investments and launched a review of private credit as an asset class.

The non-bank lender, which manages $22 billion and specialises in private credit, held a conference call for financial advisers after The Australian Financial Review reported that Count had told its 550 advisers to reduce their exposure to the asset class and sell out of Metrics’ funds.

Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney.

Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal