Olympus Capital launches Asia structured credit business
Olympus Capital Asia is entering the structured credit space, with a particular focus on Southeast Asia, India and Australia. Daniel Mintz, the private equity firm’s founding managing director, believes the pullback by commercial banks combined with entrepreneurs’ reluctance to give up equity in certain situations has opened up a potentially lucrative niche for mid-market structured lending.
"We have been looking at how commercial banks are impacted by the Basel III requirements, which have increased the cost of lending, as well as the euro zone crisis and the Volcker Rule," Mintz told AVCJ....
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