Andrew Lockhart reflects on his 'biggest mistake' as Metrics eyes consumer credit
The private credit giant is embarking on an ambitious push into consumer lending in a bid to increase its scale and diversify its offering for investors.
Metrics Credit Partners chief executive Andrew Lockhart has conceded he needs to do a better job explaining the complexities of his company's activities to the media as he unveiled an ambitious push into consumer lending designed to lift the firm's assets under management above $30 billion.
Speaking to Capital Brief ahead of the formation of its new consumer lending arm Navalo, Lockhart said he regretted the way Metrics had been portrayed in sections of the media as the asset class it operates in, private credit, comes under growing scrutiny.
"You know this idea that I'm supposedly against disclosure, or we're, you know, doing things that are not transparent, or there's an opaque activity in terms of private credit. If people understood us and understood our values and the culture within Metrics, they wouldn't write some of those sorts of things," he said.
"So that my biggest mistake is probably not engaging the media enough over the last 12 years to really explain our business, and so, you know, I probably have needed to do a better job of that."
