The listed fund giving investors access to Sydney's apartment boom

Private credit has quickly moved from niche to mainstream, but how does it actually work in practice – and where are the opportunities right now? In this episode of Livewire’s 2026 Listed Series, Anna Dadic sits down with Andrew Lockhart, Managing Partner at Metrics Credit Partners, to unpack how private credit fits into a portfolio, why risk management matters more than ever, and how the Metrics Real Estate Multi-Strategy Fund (MRE) blends debt and equity to deliver income and growth. They also explore where demand is strongest across Australian real estate, how managers assess risk, and why listed investment trusts (LITs) can offer a unique way to access private markets. This interview was filmed 13th March, 2026. Read the interview summary here: https://bit.ly/3PErpds Timecodes: 00:00 – Intro & what MRE does 00:24 – Private credit: rise, role & philosophy 02:31 – What good private credit looks like 06:44 – MRE explained: structure & returns 13:01 – Opportunities & risks in today’s market 20:16 – LIT structure & investor takeaways