Private lending feeds thirst for capital in Asia

Private lending has become more prevalent in the public domain in Asia, with global players making a foray into a sector that has long been the realm of specialist managers in the region. BlackRock is eyeing the sector, while KKR co-founder Henry Kravis, during a visit to Hong Kong last year, said the private equity firms was planning to build out its alternative credit business in Asia. This is being fuelled by a thirst for capital by Asian businesses, and funded by a growing p…