PARIS: Tikehau Capital, a global alternative asset management group, and UOB-Kay Hian, a leading brokerage firm in Southeast Asia, have announced the launch of a new private credit fund for Asia Pacific.
The fund aims to provide financing to mid-sized corporates in the region, focusing on growth, working capital, and refinancing lending. Both sponsors have committed US$50 million each to the fund, showing strong alignment with investor clients.
The fund leverages Tikehau Capital’s global institutional relationships and track record in private credit, as well as UOB-Kay Hian’s local networks and expertise in Asia. The fund will tap on a unique nexus of sourcing and diligence channels to identify and support resilient and defensive industries.
The fund is in line with Tikehau Capital’s strategy to expand its global footprint, especially in Asia, where it has 10 years of operating history. The fund also addresses the under-representation of Asia in the global private credit market, which has significant scope for growth.
The co-founders of Tikehau Capital, the Executive Chairman of Asia, and the co-head of Asia at Tikehau Capital, as well as the Chairman and Managing Director of UOB-Kay Hian, expressed their excitement and confidence in the partnership and the fund, which they believe will offer a unique opportunity for investors and borrowers in the private credit space.
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