We write to notify you that we have received a notice from ASIC alleging deficiencies in the Target Market Determinations that apply to some of our investment products (the 12 Month Term Account, the 2 Year Account and USPC Fund Class B). ASIC have applied an Interim Stop Order while these concerns are addressed.
We take our legal duties and relationship with our regulator with the utmost of seriousness. We will, of course, comply with the Interim Stop Order and pause the receipt of new investments while we address these issues.
We will keep you informed of any developments and will, of course, notify you again as soon as these matters are resolved.
We apologise for any inconvenience.
Yours sincerely,
Chris Andrews
Chief Executive Officer
Any financial product advice is general only and has been prepared without considering your objectives, financial situation or needs. You should, before investing or continuing to invest in the La Trobe Australian Credit Fund, La Trobe US Private Credit Fund or La Trobe Private Credit Fund (ASX:LF1) consider the appropriateness of the advice having regard to your objectives, financial situation or needs and obtain and consider the relevant Product Disclosure Statement for the fund.
La Trobe Financial Asset Management Limited ACN 007 332 363 Australian Financial Services Licence No. 222213 is the responsible entity of the La Trobe Australian Credit Fund ARSN 088 178 321, the La Trobe US Private Credit Fund ARSN 677 174 382 and the La Trobe Private Credit Fund ARSN 686 964 312 (ASX:LF1). It is important that you consider the relevant Product Disclosure Statement (PDS) before deciding whether to invest or continue to invest in any of the funds. The PDSs and Target Market Determinations are available on our website.
