Regulatory Alerts2025-09-18
ASIC issues DDO stop order against La Trobe US Private Credit Fund
The Australian Securities and Investments Commission issued an interim stop order against La Trobe US Private Credit Fund to prevent retail investors from acquiring a product with an inadequate Target Market Determination. The regulator identified that the fund's documentation suggested an inappropriate portfolio allocation level and failed to specify a suitable investment timeframe for retail clients. This enforcement action was triggered by ASIC's surveillance of the private credit sector and was subsequently revoked after La Trobe amended the determination to reduce the recommended asset allocation and define the investment horizon.
Share