MA Financial to close MA Credit Opportunities Fund as ASIC warns of valuations concerns across private credit sector

MA Financial, one of the highest-profile private credit providers in the country, is closing a high-yield fund and has warned that one of its major investments could be so underwater that it provides almost no return.

The closure of the $80 million MA Credit Opportunities Fund, a small part of the company’s sprawling asset management empire, comes amid intense scrutiny from the corporate regulator on valuations. The Australian Securities and Investments Commission warned on Thursday that there were “pockets where valuations are lagging that economic reality.”

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