MST Financial is thrilled to be appointed Joint Lead Manager to MA Financial Group's $300m Credit Income Trust (ASX: MA1).

The trust is MA Financial’s first ASX-listed private credit fund offering investors curated access to a $3.7bn+ portfolio of our flagship private credit strategies.

The fund will seek to provide monthly distributions targeting RBA Cash Rate + 4.25% per annum over a rolling 12-month period (pre-tax, net of management fees and costs).

The offering has seen enthusiastic initial demand from the market, securing $171m in cornerstone commitments on the way to MA Financial’s $300m target for the impending offer period from 28 January to 10 February 2025.

MA Financial continues to broaden their offering to clients and is building a presence as a leading private credit asset manager. Investors will join MA Financial and their staff who have co-invested over $190m in all MA Financial private credit funds, including $160m in the underlying private credit funds from which MA1 obtains its investment exposure.

MA Financial’s private credit investment philosophy is based around avoiding losers, not picking winners. This mindset informs their approach to selecting and structuring investments, constructing portfolios, monitoring positions and managing risk.

The Fund also introduces asset backed lending as a critical component of the investment mix, providing a missing piece for Australian investors, and also what MA believes to be the next frontier of private credit globally.

In developing this Fund MA consulted with their key investors and industry stakeholders, prioritizing two key aspects critical to them, being transparency and liquidity. These are fundamental to the investment proposition.