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The latest announcement is out from La Trobe Private Credit Fund ( (AU:LF1) ).
La Trobe Financial Group has announced that Axight, an Abu Dhabi-based private equity investment manager focused on the Asia Pacific region, has agreed to acquire a minority stake in the group from an entity associated with its major shareholder, Brookfield Asset Management. Brookfield will retain majority ownership and its long-term partnership role, with no changes to the directors or senior management of the Responsible Entity and Investment Manager for La Trobe Private Credit Fund, while the transaction remains subject to customary closing conditions and regulatory approvals.
More about La Trobe Private Credit Fund
La Trobe Private Credit Fund, listed on the ASX under the ticker LF1, forms part of the La Trobe Financial Group, which operates in private credit and investment management. The group focuses on providing credit and investment products, with Brookfield Asset Management as its majority shareholder and long-term strategic partner.
Average Trading Volume: 184,721
Technical Sentiment Signal: Buy
Learn more about LF1 stock on TipRanks’ Stock Analysis page.