Private credit reaches 'tipping point' in Asia as growth in western economies stalls

Private credit reaches 'tipping point' in Asia as growth in western economies stalls

Justin Ferrier (far left), Managing Partner, Private Credit, Navis Capital Partners, moderates a panel discussion titled "Time for private credit to shine in Asia" at DealStreetAsia's Asia PE-VC Summit 2022. He is joined (from left to right) by Denny Goenawan, Managing Partner, Indies Capital Partners; Wei Hsien Chan, Managing Director, SeaTown Holdings; Nitish Agarwal, CEO and CIO, Orion Capital Asia; and Matthew Michelini, CEO, Apollo Asia-Pacific.

Private credit may have reached a tipping point in Asia as alternative asset managers flock to this fast-growing asset class, snatching shares from traditional banks and providing much-needed bloodline to the region’s COVID-ridden businesses.

During a panel discussion at DealStreetAsia’s Asia PE-VC Summit 2022 in Singapore, seasoned alternative asset investors pointed to “a sea change” in Asia’s private credit market over the past decade or so amid robust economic growth across emerging countries in the region.

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