South Carolina insurance director petitioned to take control of Atlantic Coast Life and Southern Atlantic Re, alleging PE owner A-CAP/Advantage Capital Holdings exposed policyholders to excessive illiquid private credit; Florida suspended certificate Oct 1; A-CAP disputes claims.
Metrics Credit Partners (A$40B AUM) froze redemptions in A$6B wholesale trust and A$5.4B real estate debt fund after auditor KPMG withheld sign-off on accounts over fair-value disagreements; listed trusts suspended trading pending 10–12% NTA write-downs.