Olympus Capital Asia enters structured credit

Olympus Capital Asia has launched a structured credit business, recruiting Barclays’ Nitish Agarwal and Gary Stead from Australia’s Shearwater Capital to lead the unit. The mid-market private equity firm has set up Olympus Capital Asia Credit (OCA Credit) to provide structured loans of $20-100 million to mid-sized companies in the region. For larger deals, it will partner with co-investors. Olympus Capital Asia III, which closed at $750 million in 2008, has provided a “significa…