Private credit star Metrics is bringing cheap(er) wine to Rockpool
The founder of one of the country’s biggest non-bank lenders has his hands full overhauling Rockpool – and defending the booming sector from its critics.
Cheaper wine, live music, more tables and a new lounge on the top floor. These are the changes coming to Rockpool Bar & Grill, the country’s most famous corporate dining room under its new owner, private credit fund and alternative asset investor Metrics.
The firm, now with $22 billion in funds under management, took control of Rockpool’s owner, Pacific Hunter Hospitality, last year after Sydney buyout giant Quadrant Private Equity walked away from the company and handed the keys to lenders. Once run by celebrity chef Neil Perry, Pacific Hunter owns restaurants and entertainment venues across the country.
Campbell KwanReporterCampbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com
Primrose RiordanAssociate editorPrimrose 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 Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
