The structuring of these funds that provide equity upside for the top employees has led to bankers such as Shantanu Sahai and Rakshat Kapoor from Nomura, Deepak Sood of Barclays, and Anuj Kapoor from UBS to take up roles in private credit funds.
SINGAPORE : From India to Singapore, Asia is seeing a boom in private credit funds looking to tap into demand mainly from startups that are moving away from raising equity capital at a sharp discount to their valuations, known as 'down round' in the industry.At least $2.5 billion in new private credit fun
From India to Singapore, Asia is seeing a boom in private credit funds looking to tap into demand mainly from startups that are moving away from raising equity capital at a sharp discount to their valuations, known as 'down round' in the industry. At least $2.5 billion in new private credit funds have been launched or planned in the first half of this year targeting startups in a handful of Asian markets, according Reuters calculations based on reported deals and funds interviewed. The hectic pace of activity comes after private credit funds targeting Asia jumped 76% last year to a record $11.2 billion, driven by both regional and India-dedicated strategies, according to Global Private Capital Association.
At least $2.5 bln new credit funds launched or planned in
H1 Funds targeting Asia hit record $11.2 billion in 2022 -
GPCA SeaTown, Modulus, 21yield line up new Asia private cre.