New fund gears up to manage private debt portfolio of Singapore SMEs

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.