Asia-Pacific

Cerberus’s initial NPL fundraise collects $5.1bn

A November report from the European Commission estimated total NPL volume in the EU to be €820bn.

IFC’s private loan platform attracts $7.1bn from insurers, Asian institutions

The growing investor appetite in private loans echoes in the IFC’s emerging market private loan program, sized over $7bn and backed by global insurers and Chinese and Hong Kong institutions.

MBK Partners garners $850m for its first special situations fund

The buyout shop was looking to raise $750m-$1bn for the vehicle and is targeting returns from 20-25%

Dignari holds final close of second China credit fund on $626m

The fund has already deployed more than $300 million and wants to focus on providing downside protection in an uncertain environment

Korea Investment Corporation: ‘We are investing a lot in alternatives’

The sovereign wealth fund tells PDI why this year it is looking to invest in alternative asset classes

Madison Realty garners $1.15bn for Debt Fund IV – exclusive

New York-based firm secures its first Asian institutional capital, exceeding hard-cap of $1bn

Debt investors seek higher yields as property cycle enters latter stages

While the risks may be rising for putative property investors, alternative fixed-income investors such as Allianz and Dai-ichi Life remain focused on obtaining yield

OCP Asia refocuses on China funding gap

A decline in ‘shadow banking’ has led to a reduction in primary lending and a growing funding gap in the People’s Republic

Dai-ichi Life to launch in-house structured finance team

Insurer plans to strengthen its activities in project financing.

Brookfield’s union with Oaktree: GDAM, they want credit

With the addition of Oaktree, a respected credit business, Brookfield has shown how debt investing has risen to prominence post-global financial crisis and become crucial for being a global diversified asset manager.