APRA demands super fund data from MLC, Rest on exposure to Metrics

Oct 2, 2026 – 3.31pm The country’s largest superannuation funds are responding to demands from the financial services regulator to detail their exposure to Metrics Credit Partners, after the private credit lender dramatically slashed asset values across its vast $40 billion empire. MLC-owner Insignia Financial, which manages over $180 billion, is in talks with the Australian Prudential Regulation Authority, which is monitoring whether cracks that are appearing in the private credit industry could spread into the broader financial system. Subscribe to gift this article Gift articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Fetching latest articles