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

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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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