Metrics Credit Partners

What Metrics Credit Partners does

Metrics Credit Partners Pty Ltd is an Australian non-bank corporate lender and alternative asset manager founded in 2011 and headquartered in Sydney, with additional offices in Melbourne and Auckland. It is the underlying investment manager for Australia’s largest private credit group, managing over A$30 billion (with some sources citing A$35bn+) across three ASX-listed funds (MXT, MOT, MRE), unlisted managed funds, multiple wholesale vehicles, and global funds distributed in New Zealand and Japan. The platform originates senior, mezzanine and equity-like private credit directly to mid-market corporates plus commercial real estate (debt and equity) in Australia and New Zealand, with ~404+ investments and 28+ funds. Revenue is generated primarily through management fees (1.29-1.54% of NAV on MRE) and performance fees (15.38% above hurdle) on the listed and wholesale funds, supplemented by interest income from acquired consumer/commercial lending operations. Recent inorganic expansion via the July 2025 acquisition of Taurus Finance Group and BC Investment Group (A$6.5bn+ loan book, integrated under Navalo Financial Services Group) extends the business into consumer automotive, mortgage and commercial secured finance. Distribution combines a Pinnacle Investment Management wholesale channel, three ASX-listed vehicles for retail liquidity, dedicated investor relations, and direct institutional coverage supported by a ~500-person professional team.

Name

Metrics Credit Partners

Legal name

Metrics Credit Partners Pty Ltd

Website

https://metrics.com.au

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

Australian non-bank corporate lender and alternative asset manager founded 2011, operating the country’s largest private credit group with A$30bn+ AUM across listed (MXT/MOT/MRE) and wholesale funds, serving wholesale, institutional and retail investors plus corporate and CRE borrowers in Australia, NZ and Japan.

Ownership category

akta.pro rank

Product category

Private Credit / Alternative Asset Management

NAICS

Credit Intermediation and Related Activities (522), Other Activities Related to Credit Intermediation (52239), Open-End Investment Funds (525910)

SIC

Mortgage Bankers & Loan Correspondents (6162), Personal Credit Institutions (6141)

akta.pro primary industry

Specialty Finance / Structured Credit (FSANADAE)

akta.pro secondary industries

Hard Money & Private Mortgage Lending Intermediation (FSAEAEAH), P2P Loan Syndication & Participation Platforms (FSAKAHAL)

Keywords

• Private credit lending
• Corporate direct lending
• Alternative asset management
• Commercial real estate debt
• Direct loan origination

Headquarters

HQ city

North Sydney

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Management and Performance Fees: Metrics earns management fees calculated as a percentage of assets under management (AUM) across its retail, wholesale, and institutional fund range. Performance fees are charged on returns in excess of defined hurdle rates. As AUM grows through organic expansion and acquisitions (Taurus, BC Invest), fee revenue scales accordingly.
2. Acquisition Integration - Taurus and BC Invest: Integration of Taurus Finance Group (automotive secured finance) and BC Invest (mortgage lending, A$6.5bn+ loan book under management) into Navalo Financial Services Group. These entities generate fee and interest income from consumer and commercial lending operations, expanding Metrics' revenue base into consumer/commercial finance.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Metrics Credit Partners is a non-bank corporate lender and alternative asset manager that originates senior secured corporate loans, commercial real estate debt, and real estate equity in Australia and New Zealand through a direct origination platform. It packages exposures into 28+ investment vehicles spanning three ASX-listed stapled funds (MXT, MOT, MRE), unlisted managed funds, and wholesale and global private credit funds. It also provides facility agency and security trustee services and, via subsidiaries Navalo/Payright, Taurus Finance, BC Invest, and MortgagePort, operates consumer and commercial finance origination.

Product overview

Metrics Credit Partners is Australia's largest private credit group and a leading non-bank lender operating as a multi-fund alternative asset management platform. The company manages over $30 billion in assets across a portfolio of investment products including three ASX-listed funds (MXT, MOT, MRE), unlisted managed funds (Metrics Direct Income Fund, Metrics Real Estate Income Fund), wholesale funds (diversified senior loan funds, secured private debt funds, real estate debt funds, credit trust), and global funds (NZ PIE fund, Japan lending fund). The platform also includes real estate equity investments, borrowing solutions for corporate borrowers, and agency/security trustee services. The product architecture spans the full capital structure from senior secured debt through to equity, serving retail, wholesale, and institutional investors seeking private market opportunities.

Differentiator

Problem solved

Functional benefit

Products and services

• Metrics Master Income Trust (MXT) ASX-listed core defensive income fund investing in senior secured loans to Australian companies, providing regular monthly income with broad diversification and NAV-proximate trading on ASX.
• Metrics Income Opportunities Trust (MOT) ASX-listed private credit fund providing monthly cash income, capital preservation and potential upside through private credit investments plus equity-like instruments (warrants, options, preference shares, equity).
• Metrics Real Estate Multi-Strategy Fund (MRE) ASX-listed stapled fund (Passive Trust + Active Trust) providing exposure to Australian and New Zealand commercial real estate investments through a 50/50 blend of CRE debt and development equity, targeting 10–12% p.a. total return with monthly income.
• Metrics Direct Income Fund Unlisted managed fund providing investors exposure to a diversified portfolio of directly originated corporate loans with regular income distributions.
• Metrics Real Estate Income Fund Unlisted managed fund offering exposure to Australian commercial real estate debt investments, including office, retail, industrial, residential development, hotels and healthcare assets.
• Metrics Credit Partners Diversified Australian Senior Loan Fund Open-ended wholesale unit trust investing in a diversified portfolio of Australian corporate loans and associated debt instruments through bilateral, club-style, and syndicated loans to public and private companies.
• Metrics Credit Partners Secured Private Debt Fund Closed-ended wholesale fund investing in bilateral, club-style and syndicated loans to sub-investment grade mid-market Australian corporate borrowers across industries.
• MCP Secured Private Debt Fund II Wholesale fund investing in bilateral, club-style and syndicated loans to sub-investment grade mid-market Australian corporate borrowers, including private corporates, PE-sponsored, real estate and structured finance borrowers.
• MCP Real Estate Debt Fund Wholesale fund investing in Australian commercial real estate loans across office, retail, industrial, residential development, and specialised assets such as hotels and healthcare.
• MCP Credit Trust Wholesale fund actively managed to target attractive risk-adjusted returns through investments mostly in Private Credit, with a focus on capital stability, active risk management and downside capital preservation.
• MCP Wholesale Investments Trust Wholesale fund offering direct exposure to the Australian corporate loan market by investing across the Metrics Diversified Australian Senior Loan Fund, MCP Real Estate Debt Fund and MCP Secured Private Debt Fund II.
• Metrics Wholesale Income Opportunities Trust Open-ended unlisted wholesale trust offering exposure to private debt markets across Australia, New Zealand and developed Asia through underlying Metrics funds.
• Metrics Multi-Strategy Private Debt NZ Fund New Zealand domiciled portfolio investment entity (PIE) offering NZ wholesale investors exposure to a diversified portfolio of directly originated loans to New Zealand and Australian companies with monthly income and low cost structure.
• Metrics Diversified (Australia and New Zealand) Lending Fund Unlisted Australian unit trust offering Japanese institutional investors exposure to Australian and New Zealand corporate loans via investment in the underlying Metrics diversified senior loan fund.
• Real Estate Equity Equity investment opportunities in Australian real estate development projects, providing potential for higher returns through co-investment in development assets alongside Metrics' debt finance.
• Borrowing Solutions Corporate lending services providing non-bank finance solutions to Australian companies and entities seeking private financing for growth, refinancing, real estate development and operational needs.
• Agency Services Facility agency and security trustee services, including appointment as facility agent and security trustee on syndicated debt facilities for third-party transactions.

Quantifiable outcome

• CRE private credit market reached $86.6 billion in 2024, with 85% growth projected by 2029
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

19 partnerships are on record, tiered core, supporting and major.

• DeicorpcoreStrategic or Co-development Partner · 11 August 2025Metrics Real Estate Partners and Deicorp announced a partnership on the $1.8 billion Kings Bay Village project, a major residential development where Metrics provides financing and Deicorp handles development execution.
• Vitale Property GroupcoreStrategic or Co-development Partner · 7 August 2025Metrics Credit Partners and Vitale Property Group secured a landmark Gold Coast industrial site, with Metrics providing financing and Vitale Property Group executing the development.
• Scentia GroupsupportingOthers · 4 June 2024Metrics Agency and Security Trustee business was appointed Facility Agent and Security Trustee on syndicated debt facilities supporting Next Capital's investment in Scentia Group, an Australian education and training group.
• nCinosupportingTechnology or Integration · 2 February 2021Metrics implemented nCino's enterprise cloud banking platform to scale its corporate lending business, enhancing workflow automation and portfolio management capabilities.
• Pinnacle Investment Management LimitedcoreChannel Partner/ Reseller/ DistributorPinnacle Investment Management acts as the fund distributor for Metrics, receiving and managing investor enquiries and distributing Metrics funds through its network of financial advisers and wealth managers. Pinnacle manages website communications and investor relations on behalf of Metrics.
• Automic GroupcoreOthersAutomic Group serves as the unit registry for Metrics ASX-listed funds, managing unitholder enquiries, processing investor requests, and providing online investor portal access at investor.automic.com.au.
• Public Trust (New Zealand)coreOthersPublic Trust acts as the trustee for the Metrics Multi-Strategy Private Debt (NZ) Fund, a New Zealand domiciled portfolio investment entity (PIE) offered to NZ-based wholesale investors.
• GlenvillmajorStrategic or Co-development PartnerDelivered in partnership with Glenvill and QNY, the No 21 Broadbeach Blvd project is an ultra-premium beachfront development where Metrics provides financing and Glenvill handles development.
• QNY GroupmajorStrategic or Co-development PartnerQNY Group partnered with Glenvill and Metrics on the No 21 Broadbeach Blvd ultra-premium beachfront development on the Gold Coast.
• Edge Visionary LivingmajorStrategic or Co-development PartnerIn partnership with Edge Visionary Living, Metrics is financing The Dunes development in Scarborough, WA — 223 apartments across two towers with four commercial lots, 11.5km from Perth CBD.
• James PlacemajorStrategic or Co-development PartnerDelivered in joint venture with local private developer James Place, the ESQ4 project in Penrith NSW comprises 173 apartments across two residential towers with ground floor lakefront dining and retail.
• DASCO AustraliamajorStrategic or Co-development PartnerIn joint venture with established builder-developer DASCO Australia, Metrics is financing the Senso development in Epping NSW — 479 apartments with ground floor retail near the metro and town centre.
• Sandhurst Retail & LogisticsmajorStrategic or Co-development PartnerDelivered in partnership with Sandhurst Retail & Logistics, the Helensvale Business Park in QLD brings 81 strata industrial units adjacent to retail and rail with M1 accessibility.
• The Trust Company (RE Services) LimitedcoreOthersThe Trust Company (RE Services) Limited acts as responsible entity for MXT, MOT, and MRE ASX-listed funds. Perpetual Trust Services and The Trust Company Limited serve as trustees for various wholesale funds.
• Equity Trustees LimitedcoreOthersEquity Trustees Limited acts as responsible entity for the Metrics Direct Income Fund (MDIF) and Metrics Real Estate Income Fund (MREIF), issuing product disclosure statements.
• Asia Pacific Loan Market Association (APLMA)supportingOthersMetrics is an active member of APLMA, participating in the Asia-Pacific syndicated loan market. Metrics won APLMA's Non-Bank Investor of the Year awards in 2021, 2022, and 2023.
• Net Zero Asset Managers Initiative (NZAM)supportingOthersMetrics has recommitted to the NZAM initiative, aligning with Paris Agreement goals and SBTi-validated near-term and long-term net-zero targets for its portfolio by 2050.
• Partnership for Carbon Accounting Financials (PCAF)supportingOthersMetrics is the first financial institution headquartered in Australia or New Zealand to formally commit to using the PCAF Standard for measuring and reporting financed emissions.
• Herron Todd WhitesupportingOthersMetrics was appointed Agent and Security Trustee for a Herron Todd White transaction, providing facility agency and security trustee services.

Scale indicators18 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Qualitas: Qualitas is an Australian alternative asset manager specialising in real estate private credit and equity, with ASX-listed vehicles. Directly comparable as an APAC-focused CRE credit and equity manager with similar target investor base and origination model.
• MA Financial Group: MA Financial Group (formerly Moelis Australia) is an ASX-listed alternative asset manager with credit, real estate, and equity strategies. Comparable as an Australian mid-market alternative manager with diversified product offerings across lending and investment management.
• Wingate Investment Partners: Wingate is an Australian private credit and fixed income manager founded in 2010 with a focus on senior secured lending and asset-backed finance. Direct peer operating a similar direct origination strategy in the Australian mid-market lending space.
• Perpetual Credit Income Trust: Perpetual Credit Income Trust (ASX:PCI) is an Australian active credit fund that invests in listed and unlisted Australian credit securities. Comparable as an Australian institutional credit manager with similar retail/wholesale investor access via ASX-listed vehicles.
• Forager Funds Management: Forager is an Australian fund manager specialising in alternative and value strategies including private credit. Comparable as an Australian alternative asset manager with both retail and wholesale distribution serving similar underserved segments of the capital markets.

Broad incumbents

• FIIG Securities: FIIG Securities is one of Australia's largest fixed income specialists, operating in corporate bond and securitised credit markets. Comparable in providing non-bank credit intermediation to institutional and wholesale investors in Australia, although focused more on bond markets than direct lending.
• KKR Credit: KKR's Global Credit business manages private credit, leveraged finance, and special situations strategies across multiple geographies including APAC. Comparable as a global alternative asset manager with private credit capabilities competing for institutional mandates in the same Australian/NZ institutional market.
• Ares Management Credit: Ares Management is a major global alternative asset manager with one of the largest private credit franchises including direct lending and CRE debt. Comparable as a competing global private credit manager that has expanded APAC presence and competes for the same institutional mandates as Metrics.
• Blackstone Credit (formerly GSO): Blackstone Credit is the largest publicly known private credit platform globally, with global direct lending and opportunistic credit strategies including APAC presence. Comparable as a competing global private credit manager driving competition for institutional allocations and corporate borrowers.

Emerging players

• Resolution Capital: Resolution Capital is an Australian and New Zealand real estate asset manager with listed and unlisted vehicles. Comparable as an APAC real estate-focused alternative manager with both credit (CRE debt) and equity strategies, overlapping with Metrics' MRE fund universe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/metrics-credit-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metrics Credit Partners