The Business Times
business-time-50

Tikehau and UOB Kay Hian partnering on private credit as interest continues to grow

google-preferred-sourceAdd BT as a preferred source
Joan Ng

Joan Ng

Published Wed, Feb 28, 2024 · 08:00 AM
    • Antoine Flamarion (left) and Mathieu Chabran, co-founders of Tikehau Capital, hope to be among the early movers in Asia's private credit space.
    • Antoine Flamarion (left) and Mathieu Chabran, co-founders of Tikehau Capital, hope to be among the early movers in Asia's private credit space. PHOTO: ROBERTO FRANKENBERG

    ALTERNATIVE asset manager Tikehau Capital and brokerage UOB Kay Hian (UOBKH) have joined forces to launch a private credit fund, becoming the latest in a growing list of companies that are cutting deals to enter a fast-growing space.

    Both sides have committed US$50 million each to the fund, which will focus on providing financing to mid-sized companies in Asia-Pacific.

    Market sources said the fund is targeting an initial size of US$300 million.

    Private creditUOB Kay Hian

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS shares rise 1.9% to hit all-time intraday high as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More