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.