Australia's Metrics freezes redemptions on A$9bn+ of private-credit funds (28-29 Sep) after A$168m markdown
2 items, from 30 Sep 2026 to 3 Oct 2026, oldest first.
Markets ·
Australia's Metrics freezes redemptions on A$9bn+ of private-credit funds (28-29 Sep) after A$168m markdown
Metrics Credit Partners (about A$40bn under management) halted three ASX-listed funds on 28 Sep after its auditor KPMG forced net-asset cuts of 2-12%, then paused redemptions across wholesale funds holding over A$9bn. It follows the Bathla developer collapse in August and ASIC warnings of enforcement across Australia's A$200bn private-credit market.
Why it matters. When a large private lender stops letting investors take money out, it is a sign the loans may be worth less than reported. Private credit has grown on bank borrowing, so stress there can travel back to banks.
Next. Metrics' updated fund valuations and any regulator response; US private-credit fund redemption figures at quarter-end (30 Sep).
Blue Owl Q3: $4.2bn of redemption requests (2 Oct); tech-loan fund asked for 39% of shares, can pay 5%
Investors asked to pull $3.1bn (16.8% of shares, Q2 18.8%) from Blue Owl's $35bn Credit Income Corp and $1.1bn (39%) from its $5bn Technology Income Corp in the tender that closed 30 Sep; both stay capped at 5%, filling about 30% and 13% of requests. Peers' largest non-traded BDCs saw 10-17%.
Why it matters. Funds that lend to mid-sized companies, many of them software firms seen as exposed to AI, are still holding back most of the money investors want out; how this pressure develops shows whether a downturn in AI-linked lending could spread to banks.
Next. Blue Owl's fourth-quarter tender in December, and its third-quarter results in early November.