The Business Times
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Private credit: A crowded space for large deals, but healthy pipeline for smaller ticket sizes

Funding gap in Asia to serve small and medium enterprises signals potential growth

Raphael Lim

Raphael Lim

Published Tue, Oct 3, 2023 · 05:00 AM
    • Muzinich & Co founder and executive chairman George Muzinich said that the era of zero or negative interest rates over the past decade or so has been an “artificial world”.
    • Andrew Tan, Asia Pacific chief executive of Muzinich & Co sees a healthy pipeline for private credit deals with smaller ticket sizes.
    • Muzinich & Co founder and executive chairman George Muzinich said that the era of zero or negative interest rates over the past decade or so has been an “artificial world”. PHOTO: MUZINICH & CO
    • Andrew Tan, Asia Pacific chief executive of Muzinich & Co sees a healthy pipeline for private credit deals with smaller ticket sizes. PHOTO: MUZINICH & CO

    INVESTMENT firm Muzinich & Co expects greater competition for large-cap private credit deals in Asia-Pacific. But the pipeline remains healthy in smaller ticket sizes.

    The firm, which specialises in corporate credit, also believes there are opportunities for more non-bank financing to take place in the region.

    Andrew Tan, Asia-Pacific chief executive of Muzinich & Co, told The Business Times in an interview that there are two markets at play, with most funds being raised for the large cap or the upper-middle segment of the market.

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