Andrew Lockhart’s Metrics seeks $300m for new multi-strategy LIT
It’s an ambitious return target, and the sales pitch says Metrics will invest in commercial real estate deals to turn it into reality.
ASIC’s push to investigate regulation of private credit funds isn’t slowing down Andrew Lockhart’s Metrics Credit Partners, which has kicked off a $300 million raise for a new closed-end fund to add to its $19 billion empire.
Street Talk can reveal Metrics had its broker syndicate on Monday mail out terms for a new listed investment trust dubbed the Metrics Real Estate Multi-Strategy Fund, pitching a return target of 10 per cent to 12 per cent a year on a pre-tax basis and net of fees. Potential investors have been told to expect cash distributions of about 5.6 per cent, paid monthly.
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