Metrics is an Australian based alternative asset management firm specialising in direct lending to Australian companies. It has approximately $7 billion in assets under management and is a leading participant in the Australian private credit market.

The proceeds of the placement to wholesale investors are expected to enable Metrics to continue to provide a valuable source of finance to Australian companies. Metrics Managing Partner Andrew Lockhart noted that the offer to investors was oversubscribed and commented that: "The positive response to the offer reflects robust demand from investors for sources of attractive and stable income and is a great endorsement of the quality of our investment team and the strong track record of the fund."

"We were delighted to partner with Metrics in assisting with this capital raise and assemble a multi-disciplinary team providing alternative funds, capital markets and regulatory advice to assist in this important transaction," said MinterEllison partner Michael Lawson.

MinterEllison has a long-standing relationship with Metrics, having helped set up MCP Master Income Trust in 2017. Since then, the Firm has advised on:

• multiple MXT entitlement offers
• setting up the MCP Income Opportunities Trust (ASX:MOT)
• wholesale placements in MXT and MOT
• establishing the Metrics Direct Income Fund
• ongoing matters relating to the above funds and Metrics' wholesale funds

The MinterEllison team was led by Michael Lawson (Partner, Funds), Nicole Sloggett (Partner, Capital Markets) and Yoni Garson (Senior Associate) with support from Patrick McElhone (Lawyer) and Nikita Harlalka (Lawyer).