Continuity Capital to boost Asia credit exposure

"We are especially interested in pan-regional credit strategies and are convinced that demand for credit from Asian companies will continue to outstrip supply, offering superior risk-adjusted investments," said Scott Hancock, who has joined the company as a partner to lead the Asia operation.

He previously spent 10 years with Bain Capital as a senior member of the investment team and was a founding partner at Oak Hill Capital.

The Hong Kong office, which will also be responsible for coordinating Continuity's regional private equity activities - with a particular emphasis on Taiwan and South Korea - is likely to grow to 3-4 investment professionals within three years.

Established in 2010, Continuity Capital's core business is building and managing fund-of-funds portfolios for institutional investors. It focuses exclusively on private markets investment opportunities: private equity, private credit, real estate, infrastructure, and natural resources.

Several private equity firms have highlighted the need for alternatives to pure equity investment strategies in Asia. 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.

Last month Olympus Capital entered the structured credit space, creating Olympus Capital Asia Credit, which will have a particular focus on Southeast Asia. In India, KKR is among those that have established non-banking finance companies (NBFCs) to provide local currency debt solutions while Indonesia-focused Quvat Management has a structured credit sideline in addition to its corporate PE funds.

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• Topics
• Australasia
• Greater China
• Fund-of-funds
• Financing
• People
• Bain Capital Asia
• Continuity Capital
• Structured finance
• Appointments