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.
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.
Gen2 Partners founders Paul Heffner and Barry Lau have rebranded the company as Adamas, putting a greater focus on private equity and seeding hedge fund managers.
Fund-of-funds manager Gen2 Partners is targeting AUM of $275 million and an initial close by the end of this year, pointing to an estimated $500 billion shortfall in SME financing in China.
The withdrawal of banks from lending activity is creating new ways for investors to take advantage of distressed or restructuring stories, in Asia as well as the West, says Mercer’s Ray King.
Bolstered by new hires Anthony Fasso and Boe Pahari, AMP Capital is keen to take advantage of new openings outside Australia for mezzanine lending to real assets.