MIllbrook news
Millbrook Group Maintains 4-Star “High Investment Grade” for the Millbrook Credit Fund
22.05.2026
SQM Research, reaffirming the strength of the Group’s investment platform, governance framework and disciplined credit strategy within the Australian private credit sector.
The retained rating reflects Millbrook’s continued commitment to prudent lending practices, active risk management and delivering consistent, risk-adjusted returns for investors through carefully selected first mortgage lending opportunities across Australia.
In a market environment where the private credit sector is facing increased scrutiny from both regulators and ratings agencies, the reaffirmation of Millbrook’s 4-star rating is a strong endorsement of the Group’s conservative investment philosophy, experienced management team and robust operational framework.
The Millbrook Credit Fund focuses on loans secured by registered first mortgages over Australian real property, including residential, commercial and industrial assets. The Fund’s investment approach is centred on capital preservation, disciplined credit assessment and active portfolio management.
SQM acknowledged Millbrook’s prudent risk settings, including weighted average loan-to-value ratios of 60.87% for the Select Option and 56.5% for the Diversified Option, with all loans secured by first mortgages. The report also highlighted the Group’s disciplined lending criteria, shorter loan duration profile, active portfolio management and extensive broker network, enabling Millbrook to remain highly selective in originating lending opportunities.
David Lyall, Managing Director of Millbrook Group, said the retained rating reflects the Group’s disciplined and long-term approach to private credit investing.
“We are extremely pleased to have retained our 4-star ‘High Investment Grade’ rating from SQM Research. In the current environment, where the private credit sector continues to face increased attention and scrutiny, this rating is a strong endorsement of our disciplined approach to lending, conservative risk management framework and the quality of our team and governance structures.”
“Our focus remains on preserving investor capital while delivering consistent, risk-adjusted returns through carefully selected first mortgage lending opportunities across Australia.”
The Millbrook Credit Fund has continued to deliver strong performance outcomes, returning 8.81% p.a. over one year, 8.55% p.a. over three years and 7.74% p.a. over five years to 31 March 2026, outperforming both its benchmark and peer average across all measured periods.
Disclaimer: The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.
