Private credit has since grown to around US$2 trillion, according to the IMF, which is raising a red flag over the sector. While this is small relative to the size of the financial system, private credit has the potential to suck much larger chunks of...
ADM Capital, a Hong Kong-based private credit manager with US$2 billion in assets, sees opportunities for non-bank capital providers to fill the financing gap, particularly Chinese companies seeking outbound investments and Asian enterprises with environmental, social and governance (ESG) potential.“We’re seeing a lot of interest...
Hong Kong-based Gaw Capital and Pacific Aegis Capital Management Group (PACM) are building a US$400 million war chest to tap lending opportunities backed by properties in the city as they embrace the unloved real estate sector after it was shunned by banks taking a negative...
Hong Kong’s funds industry is calling for a profit tax exemption for private credit assets, as the city is failing to attract a booming business and is losing out to Singapore because of its existing tax regime.The Unified Fund Exemption (UFE) regime allows most private-equity...
Goldman Sachs and Abu Dhabi’s Mubadala sign US$1 billion private credit deal with eye on Asia-PacificGoldman Sachs and Mubadala Investment, an Abu Dhabi sovereign wealth fund, will deploy US$1 billion in private credit deals in the Asia-Pacific region to capitalise on the fast-growing opportunities in...
High interest rates and the changing economic landscape after the Covid-19 pandemic are some of the factors that are pushing some companies to private lenders for bridge financing.A pedestrian walks past the HSBC headquarters in Hong Kong. Banks like HSBC and Bank of Singapore are...
Hong Kong’s sophisticated investor base is bringing lending expertise to Asia’s private credit market, giving further impetus to the rapidly growing asset class, according to the new head of the regional industry body, the Asia-Pacific Loan Market Association.The region’s assets under management in private credit...
Hong Kong’s financial services industry employed 269,700 people in 2022, dropping about 3 per cent from the previous year, according to the Census and Statistics Department. Moreover, equity markets in Hong Kong and mainland China are among the worst performers globally this year amid...
That amount matches what she paid for the Repulse Bay land plot in 2011 at what was then the second-highest price per square foot ever paid in the city, HK$38,500 (US$4,900).Agile, based in the Guangdong’s provincial city of Guangzhou, has borrowed against more than one...