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The first transaction comes in the form of a A$130m senior syndicated loan facility, with capital funded via a separate account.
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M&G Investments’ origination team has grown its portfolio from zero to nearly $500m in the region, focusing on consumers and trading companies.
The latest research outlines some of the key attributes of the private lending markets in Asia.
Lenders are challenged as borrowers face higher bills once the holiday ends.
Company stakeholders are to discuss and agree on key details of the firm’s insolvency plan during the next creditor meeting. Interested parties include Bain Capital, Broad Peak, Tor Investment, and Queensland Investment Corporation.
The initial fundraising target is in the range of $300m to $500m and will target mid-market companies.
Andrew Lockhart of Metrics Credit Partners and Kelly Morton of Skye Capital Advisory discuss what's happened to portfolio companies and deal pipelines since the March meltdown, and what the implications are of public relief funds for mid-market lenders.
People
The New York-headquartered investment firm has made two senior hires to push through private debt investments in the region.
The investment unit is building its credit exposure to the Asia-Pacific region by deploying proprietary capital and expanding staff numbers.
raises
The credit manager is being supported by LP re-ups as it returns to fundraising mode despite challenging conditions amid the pandemic.
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