Geometric cache asset is emptied

Posting for the first time here. So, please do forgive me if I am not providing the right details.

I am trying to upgrade a project (4.19.2) to the latest stable version 4.24.3. In my project I have a few geometric cache assets and when I open this project in the new version I get the following warning “geometric cache asset is emptied as it does not support backward compatibility” and all my models in the scene are empty now. Any idea how I can solve this issue?

Do let me know if you need more information.