Hong Kong-based SC Lowy has held the final closing of its latest direct lending fund at $350 million, alongside $100 million in a parallel co-investment managed account, to double down on Asia-Pacific’s special situations opportunities.
The global banking and asset management group, which specialises in high-yield, distressed and private structured credit, plans to deploy the new capital commitments to the Asia-Pacific region with a focus on private lending, debtor-in-possession (DIP) and rescue financing, trade claims, non-performing loans (NPLs) and bridge financing.
