What happened with Axight and La Trobe Financial Group?

The Abu Dhabi-based private equity firm Axight has signed an agreement to acquire a minority stake in La Trobe Financial Group. The shares are being sold by an entity associated with Brookfield Asset Management, which originally acquired La Trobe in 2022.

Who is Axight and why are they investing in La Trobe Financial?

Axight is a private equity investment manager based in Abu Dhabi that focuses on strategic opportunities within the Asia Pacific region. It was established by Lunate, a global investment heavyweight managing over US$115 billion in assets.

Does Brookfield Asset Management still control La Trobe Financial?

Yes, Brookfield Asset Management will remain the majority owner of La Trobe Financial Group following the sale of the minority stake to Axight. Brookfield has stated it intends to be a long-term partner in the business.

How will this deal affect the management of La Trobe Private Credit Fund (ASX:LF1)?

There will be no changes to the directors or senior management of the Responsible Entity or the Investment Manager for the La Trobe Private Credit Fund (ASX:LF1).

What are the key risks for La Trobe Private Credit Fund (ASX:LF1) after this news?

The primary risk is regulatory, as the deal is still subject to customary closing conditions and final regulatory approval.

Is this acquisition good or bad for LF1 retail investors?

The entry of Axight is generally a neutral-to-positive signal, as it validates the value of the La Trobe platform and adds the backing of Lunate’s US$115 billion balance sheet. It provides La Trobe with deeper ties to Middle Eastern capital and Asia Pacific expertise.

Axight acquires minority stake in La Trobe Financial

Written by Mahathir BayenaPublished Apr. 16 2026Last Updated Apr. 16 2026

Abu Dhabi-based private equity firm Axight has entered into an agreement to acquire a minority stake in the La Trobe Financial Group.

The transaction involves the sale of shares by an entity associated with Brookfield Asset Management, which will remain the majority owner and a long-term partner in the business.

Axight, an investment manager established by the global firm Lunate—which oversees more than US$115 billion in assets—focuses specifically on strategic opportunities across the Asia Pacific.

Despite the shift in ownership structure, the La Trobe Private Credit Fund (ASX:LF1) confirmed that there will be no changes to the directors or senior management of its Responsible Entity or Investment Manager.

The deal is currently pending customary closing conditions and final regulatory approval.