January 03, 2024

Mayfair 101 Resumes Payments to IPO Capital Clients

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Investment group Mayfair 101 has resumed interest payments to lenders in its IPO Capital subsidiary, nearly four years after the Australian Securities and Investments Commission's attempt to shut down the group and ban its director.

Interest payments for the December quarter 2023 have been made in full to more than a dozen IPO Capital lenders who have patiently waited for the group's liquidity position to improve after the regulator triggered hundreds of millions of dollars' worth of damage to the Australian-owned and operated investment group.

The IPO

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Mayfair 101

Melbourne, Australia

Mayfair 101 is an investment group which was targeted by the Australian Securities & Investments Commission in 2020 on a misconceived basis. At the time 570 Australians had subscribed for $211 million of debt instruments offered by the group. This triggered 20+ legal proceedings, hundreds of millions of dollars of damage, and left Mayfair 101's lenders without payments for nearly 4 years. Mayfair 101 is committed to protecting its clients against the mistaken actions of the regulator.

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