World
The firms cited markdowns on troubled loans to software and other sectors.
1
Chinese solar panel maker Jinko to sell US unit to FH Capital for $191m
2
Vietnam revs up charging infrastructure in big EV push
3
Hillhouse to buy Mercer’s private client services business in Asia
4
Brookfield, GIC complete $4.8b acquisition of National Storage REIT
5
Sumitomo Mitsui Trust Bank eyes $500m for new aircraft lease fund
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Singapore
Cornerstone commitments came from IFC and Indonesia Investment Authority.
It is targeting to amass some S$200 billion in funds under management by 2030.
Rest of Asia
Demand is fuelled by surge in corporate M&As.
The sector’s rapid expansion into less liquid, harder-to-value loans has raised concerns.
Total assets in private credit funds in Japan stood at $4.7b at the end of Feb.
The investment structure has a blind pool fund and co-investment fund.
The project will improve access to finance for MSMEs in APAC.
The fund is targeting a total size of $200m.
The partners aim to expand the fund to to 500 billion yen over five years.
