CLSA closes Lending Ark joint venture on $226m

The fund will look to exploit an imbalance between consumer credit demand and supply.

CLSA Capital Partners has closed its first secured private debt strategy at $226 million.

The Lending Ark Asia Secured Private Debt Fund is part of a joint venture between Lending Ark Capital and CLSA which will invest in secured private debt opportunities across the Asia-Pacific region. Investments will include privately negotiated three-to-five-year maturity secured private debt financings, senior and mezzanine tranches of asset-backed securities and bank-collateralised loan obligations.