MA Financial has locked in more than half of the $300 million it had targeted for the firm’s first listed private credit trust from early investors, paving the way for the strategy to hit the ASX in early March.
The alternative asset manager, which specialises in lending to real estate and the hospitality sector as well as transaction advisory, has commitments of $171 million from cornerstone backers for the MA Credit Income Trust, which will allow investors to access its $3.7 billion lending portfolio.
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