Private credit

Apac investors most bullish globally on private markets, with nearly half planning to raise allocations

Long-term return expectations and confidence in the illiquidity premium are driving sustained interest

The cuts give some insight into how BlackRock has been reshaping its private credit business since closing the HPS deal in July.

BlackRock cuts private credit executives hired pre-HPS deal

The asset manager is reducing its workforce by about 250 globally

Japan is a key market LPs are looking to increase exposure to, with 34% of them doing it via Asia-focused funds and 32% of LPs doing it via country-specific funds.

IPO window cracks open as more general partners prepping portfolio companies: Coller Capital

In Asia-Pacific, 87% of institutional investors say that their GPs are doing so

Founded in 2018, Teleport is South-east Asia’s largest logistics firm by volume, ranking it among Capital A’s most valuable assets.

BlackRock’s HPS invests US$50 million in Malaysia’s Teleport for Asia debut

The deal values the company – a unit of Capital A Bhd – at US$500 million

The relative youth of private credit as a major investment class means that it has yet to undergo a full cycle, says MSCI.

Private credit valuations under pressure; back to fundamentals for buyout firms in 2026: MSCI

Higher base rates are challenging borrowers’ ability to fulfil interest burdens

Funds are planning to raise billions for new private credit strategies in 2026 and increasingly report interest from pension, insurance and sovereign players.

Sovereign wealth funds join clamour for private credit in EMs

Industry figures put 2025 as easily the biggest year on record

Asia offers better risk-adjusted returns, enabling KKR to secure deals with lower leverage, better lender protections and higher spreads compared with the US and Europe.

KKR Asia credit fund draws 75% new investors as decoupling rises

The optimism around Asian private credit runs counter to a broader global pullback

KKR has been expanding its private debt footprint in Asia.

KKR secures US$2.5 billion for second Asia private credit fund

The Asia Credit Opportunities Fund II final close includes US$700 million from separately managed accounts

Ares is raising another Asia special situations fund, aiming for at least the US$2.4 billion secured by its predecessor in 2023.

Ares hires ex-CapitaLand executive Gabriel Fong as Asia credit partner

Fong’s appointment comes as Ares expands across Asia-Pacific, a push underway since 2020

Increasing the supply of Labubus would show whether the toy by Pop Mart is a passing fad, says the writer.
THE BOTTOM LINE

Imagine OpenAI bonds, Labubu everywhere

Could 2026 see these four market developments?