Asia-Pacific

Värde Partners raises $400m for its first Asian credit fund

Its first Asia-dedicated fund is mainly backed by US LPs as well as a few Asian LPs.

ADM Capital garners $178m for Asia lending fund II

The firm’s investor base includes the IFC and Overseas Private Investment Corporation.

Why Korea is fertile ground for those seeking new LPs

Winning trust is not easy, but the country’s investors are being won round to private debt by those GPs willing to do the spadework.

Korea Post: ‘Encourage GPs to open Korea office’

Having a local presence greatly influences the investment decisions of Korean institutional investors, delegates heard at the PERE Investor Forum Seoul 2018.

PDI Seoul Forum: Europe’s legal progress encourages Asian LPs

Laws within the continental mainland have caught up with the more creditor-friendly regimes in the US and UK, a development that could comfort LPs committing to European direct lending.

Credit managers factored into Asia’s growth

As smaller companies in the region face liquidity constraints, non-bank lenders are coming to the fore with financing solutions, writes Adalla Kim

PDI Seoul Forum: Three takeaways from Korean LPs

Investors remain devoted to direct lending, though at least one said it may be time to explore special situations, delegates heard at PDI’s inaugural forum in Seoul.

Lotte Insurance: ‘Really tricky to invest in private RE debt currently’

Investing in the asset class overseas is not meeting the South Korean insurer’s target investment returns, according Janghwan Lee, executive director, team leader of alternative investment team.

Four Korean LPs shifting focus to European private credit

Mid-market GPs are benefitting from demand from Korean investors as the capital flows into direct lending, for now at least.

India’s NIIF buys IDFC’s infra debt arm

The deal is a debut transaction for the government-backed vehicle’s Strategic Fund and comes amid growing concerns surrounding bad loans in the country’s infrastructure sector.