ASIC lifts interim stop order placed against La Trobe US Private Credit Fund
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The news: The Australian Securities and Investments Commission (ASIC) has lifted its interim stop order on La Trobe US Private Credit Fund after the fund made amendments to its target market determination (TMD).
The context: This is the last fund out of the three La Trobe funds that had stop orders placed last month.
The US Private Credit Fund makes up half of La Trobe’s listed Private Credit Fund (LF1).
The other two funds, La Trobe 12 Month Term Account and La Trobe 2 Year Account, had their stop orders lifted last week.
What they said: “On 1 October 2025, ASIC revoked the interim stop order after La Trobe made amendments to the TMD which addressed ASIC’s concerns including reducing the percentage of investors’ investable assets considered to be appropriate for investment in the Fund from 35% to 10% and identified an investment timeframe,” ASIC said.
The source: ASIC
