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 for Class B Retail Units benchmarked to the Secured Overnight Financing Rate (SOFR) + 3%. It aims to achieve attractive risk-adjusted returns and, to a lesser extent, capital appreciation by investing indirectly via the LGAM US Private Credit Feeder Fund into LGAM Private Credit LLC. The portfolio is focused primarily on directly originated senior secured first-lien term loans to U.S. corporate middle market companies, with the balance in cash, cash-like instruments and hedging positions where used. The Responsible Entity expects the majority of assets to be invested indirectly in the underlying fund and intends to hedge AUD exposure on a best endeavours basis. The underlying fund is advised by MS Capital Partners, an indirect wholly owned subsidiary of Morgan Stanley. Applications are monthly and redemptions are processed quarterly at the Responsible Entity's discretion, subject to liquidity limits.