Major Australian private lender suspends three ASX funds, cuts asset values after audit

Metrics Credit Partners, a prominent Australian private debt firm, has suspended trading for three ASX listed funds. Following an audit, the company reduced the value of assets across these three vehicles by approximately A$169 million, which is equivalent to $119 million. This action by the major private lender involves cutting asset values and halting the trading of the affected funds to address the findings discovered during the audit process of the private credit firm.