The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
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.

    Private creditSpotlight

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Indonesian President Prabowo Subianto and Russian President Vladimir Putin met at the Kremlin in Moscow on April 13.

    As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?

    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