Alternative asset manager MA Financial has called in a swath of brokers to round up investors for its $300 million credit income trust due to launch on the ASX later this quarter, according to a confidential investor presentation.
Street Talk understands Ord Minnett Limited, Commonwealth Securities Limited, Shaw and Partners, MST Financial Services and Canaccord Genuity have been mandated as joint lead managers alongside in-house MA Moelis Australia Advisory.
MA has pitched its credit income trust (MA1) as a way for investors to access its $3.7 billion portfolio of private credit strategies in the 28-page pathfinder seen by Street Talk.
MA also talked up the market opportunity in private credit, citing more regulation heaped on the banking sector, changes in bank capital rules, and greater focus by the banks on vanilla lending. In other words, the banks are out so we’re in.
Read the full story tomorrow and more on the Street Talk page.
From the column
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Best and worst
Australian shares tumbled to a two-week low on Mondau, led by a sell-off in banks and technology firms after a surprise jump in US jobs data dashed hopes for an imminent interest rate cut from the Federal Reserve.
