As recession risks loom and high rates weigh on corporate balance sheets, private credit investors are betting on segments that can capitalise on periods of dislocation and tightening liquidity.
Tag : distressed debt
The German insurer's recent investment in Kotak’s real estate debt platform is the latest sign that global asset owners are continuing to eye Indian private credit strategies.
Distressed investors are looking to strike more deals as Covid-19 is better understood, especially in China. But due diligence difficulties could restrict such deals to big investors.
Asset owners and managers alike have flocked to the distressed debt universe, but the CIO of Korea’s Public Officials Benefit Association has so far not invested into such assets.
The looming regulation on the classification of debt may prove unfavourable for distressed assets, but the Korean insurer remains unfazed.
Distressed fund managers with the support of asset owners are beginning to seek Asia opportunities. They could start in the equity markets, before looking to assets like property.
Asia may be weathering the coronavirus pandemic better than its Western counterparts, but it is nonetheless expected to throw up financing and restructuring opportunities.
Canyon Partners, Cerberus Capital, KKR and MBK Partners are part of a fast-growing wave of fund managers and asset owners looking to Asia for bad debt investment opportunities.
A missed payment on a Rmb500 million local government debt spooks investors. Now they're waiting anxiously to see what happens next.
Institutional investors across Asia Pacific are becoming more willing to put money to work in riskier tranches of private debt, as they seek out improved returns.
Wealth experts say Indian private debt is attracting more investors, particularly in light of distressed debt reforms, but heavy taxation is crimping more rapid market growth.
Steer clear of mezzanine in Asia and China NPL funds, says Hamilton Lane. The private markets investor's ideal credit portfolio is a blend of special situations and direct lending.
