Singapore fund managers team up for private credit push

Singapore, fund, managers, private, credit, fund managers, private creditTwo Singapore-based asset managers, Yangzijiang Financial and Tahan Capital Management, have partnered to invest in private credit assets across Asia. The alliance was revealed in a filing with the Singapore Exchange and is described as a “strategic move to diversify the Group’s portfolio and promote sustainable growth in the region”. The move has been motivated by the significant growth of the private credit market in Asia Pacific. According to data from Preqin, the asset class is expected to expand at a compounded annual growth rate of over 20% by the end of 2025. “The private credit market in Asia has experienced strong growth in recent years, supported by rising investor interest and increasing demand for alternative debt that complements traditional financial institutions lending,” said Vincent Toe, chief executive and chief investment officer of Yangzijiang Financial. © 2023 funds global asia

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