Founded in 1952, La Trobe is an independent credit specialist and alternative asset manager, with operations in Melbourne and Sydney, spanning over 550 staff. La Trobe's credit operations specialise in lending to borrowers who are under serviced by mainstream financiers, principally utilising low-doc lending. La Trobe is 100% owned by global alternative asset manager, Brookfield Asset Management, which is listed on the New York Stock Exchange (NYSE: BAM). Investment management functions are undertaken by La Trobe Financial Services Pty Ltd (LFS), whilst La Trobe Financial Asset Management Ltd (LFAM) is the responsible entity for the Fund. Both entities hold an Australian Credit Licence. 

La Trobe's mortgage lending operations are funded via the issuance of Residential Mortgage Backed Securities, major national and international institutions on a wholesale basis, and via investors in the La Trobe Australian Credit Fund. As at 30 June 2025, La Trobe had funds under management (FUM) of $A 20.44 billion. Of this, the La Trobe Australian Credit Fund had FUM of $A 13.2 billion, with $A 10.2 billion in the Fund (12 Month Investment Account).

La Trobe US Private Credit Trust is a private debt/mortgage strategy with no formal benchmark disclosed in the Information Memorandum. Its investment objective is to achieve attractive risk-adjusted returns and, to a lesser extent, capital appreciation by investing primarily in directly originated senior secured term loans issued by U.S. middle market companies backed by financial sponsors. The trust is an unlisted Australian unit trust and gains most of its exposure indirectly through the LGAM US Private Credit Feeder Fund into LGAM Private Credit LLC, which is advised by MS Capital Partners, a Morgan Stanley affiliate. The portfolio is expected to focus mainly on senior secured lending exposure, while a smaller portion of assets may be held in cash and cash-like instruments. The trust targets an annualised distribution yield of at least 9.00% per annum, net of fees and expenses and before foreign currency movements, although this is expressly stated not to be a forecast or guarantee.