Industry players see room for private credit market to grow in South-east Asia
However, they also note that it remains nascent and is more fragmented compared with Western markets
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[SINGAPORE] Private credit funds, where investors pool their capital to enable the fund manager to provide loans to companies, are seeing greater interest in South-east Asia, with regional governments also starting to jump on board.
For example, Singapore in its Budget in February announced a new S$1 billion Private Credit Growth Fund to provide more financing options for high-growth local enterprises.
Across the region, sovereign wealth and pension funds are also mulling the potential of building private credit platforms to source for deals.
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