New fund gears up to manage private debt portfolio of Singapore SMEs
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Singapore
PRIVATE credit is a relatively nascent asset class in Asia, but a new fund is gearing up to offer investors exposure to a portfolio of loans to small and medium enterprises (SMEs) in Singapore.
The manager behind the new fund is IFS Asset Management (IFSAM), a subsidiary of publicly listed IFS Capital, which itself has a core business of SME financing in Singapore and South-east Asia. IFS Capital is part of the PhillipCapital network of companies.
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