“I’m a big advocate for private debt in investor portfolios. I believe it delivers stability of capital and an attractive source of income. The protections that are available in terms of the covenants, the controls, the taking of security is designed to protect investor capital. It becomes a very attractive investment when you gain exposure to a fund that holds a well-diversified portfolio of private debt assets.” – Andrew Lockhart, Chief Executive and Managing Partner of Metrics Credit Partners

As market conditions shift, many investors are turning to private debt to help safeguard their portfolios.

With reduced volatility, reliable income and effective downside protection, the asset class is emerging as a key defensive allocation for those seeking both yield and low capital volatility.

Metrics, which manages more than A$30 billion in assets, continues to focus on disciplined capital deployment, diversification and active risk management to deliver consistent returns.

In a wide-ranging discussion at the Income & Defensive Symposium 2025, CEO and Managing Partner Andrew Lockhart highlights how private credit—when paired with an experienced manager—can deliver strong outcomes for investors, even in uncertain markets.

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