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).

The La Trobe Private Credit Fund is an Australian registered managed investment scheme listed on the ASX under ticker LF1. It seeks to generate strong risk-adjusted returns and consistent income through a diversified portfolio of Australian mortgage assets, U.S. private credit assets, cash and cash equivalents. The Fund invests through the 12 Month Term Account of the La Trobe Australian Credit Fund and Class A - Wholesale Units of the La Trobe US Private Credit Fund. The Australian strategy invests predominantly in loans secured by first mortgages over Australian real estate, while the U.S. strategy provides exposure primarily to directly originated senior secured first-lien loans to U.S. middle-market companies. Portfolio guidelines permit 20%-100% in the 12 Month Term Account, 0%-80% in the La Trobe US Private Credit Fund and no stated limit for cash and cash equivalents, with an expected long-term allocation of approximately 50% to each underlying strategy. The Fund targets monthly cash distributions equal to the RBA Official Cash Rate plus 3.25% p.a., net of fees, costs and taxes incurred by the Fund, and targets a rolling two-to-three-year investment horizon.