HK’s CLSA Capital Partners closes second Asia private debt fund at $500m

Picture from CLSA's LinkedIn

CLSA Capital Partners, the asset management business of Hong Kong-based broker CSLA, has announced the final closing of its second Asia-focused secured private debt fund and a co-investment vehicle with an aggregate commitment of $500 million.

The final close of Lending Ark Asia Secured Private Debt Fund II comes nine months after the first fund closed at $226 million, with capital commitments from international limited partners.

Together with the latest fund, CLSA Capital Partners’ secured private debt investment strategy platform now manages over $1.1 billion, including target allocations from separate managed accounts.

The fund is managed by Lending Ark Asia, a joint venture between Lending Ark Principals – Gregory Park and Carol Lee Park – and CSLA Capital Partners.

It invests in high-quality, secured private debt opportunities, such as privately negotiated, three-to-five-year maturity secured debt financing, senior/mezzanine tranches of asset-backed securities, and bank-collaterised loan obligations across the Asia-Pacific region.

“Lending Ark’s strategy is to generate steady, current income while capturing the opportunity that arises from the imbalance between the growing demand for credit from issuer serving the rising Asian middle class and the shrinking supply of credit available from banks due to capital constraints,” CLSA earlier said.

Established in 1995, CLSA Capital Partners manages a diversified range of strategies including private equity, real estate, credit, and transportation & real assets.

It operates from eight offices across the Asia Pacific region, including Hong Kong, Singapore, and Tokyo. The firm manages over $5 billion in total assets under management (AUM), according to its website.

Carol Lee Park, managing director of Lending Ark and Investment Committee Member, said Lending Ark’s investment opportunity set has grown by over 100% over the past twelve months.

“Lending Ark stands ready with our partners to immediately evaluate and execute on our carefully selected and scalable secured private debt pipeline emerging from Asia-Pacific, the fastest-growing region in the world,” she added.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.