BlackRock to raise up to $500m for first Asia private credit fund

A man walks next to a BlackRock sign pictured in the Manhattan borough of New York, October 11, 2015. REUTERS/Eduardo Munoz

US global investment management firm BlackRock aims to raise at least $300 million up to $500 million for its first Asian private credit fund, the Private Debt Investor (PBI), reported.

Dubbed “Asia-Pacific Private Credit Opportunities Fund I”, it will be co-managed by Neeraj Seth, head of Asian fixed income at BlackRock, and Justin Ferrier, a managing director.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter