Singapore-based infrastructure investor Clifford Capital has acquired a 50% stake in local private credit and mezzanine player Pierfront Capital for an undisclosed sum.
China’s local currency mezzanine capital space is underpenetrated, underpopulated and different to comparable strategies elsewhere. A handful of domestic GPs have begun to get traction. Will others follow?
CDH Investments has closed its fifth China mezzanine fund at RMB8 billion ($1.1 billion). It is the largest vehicle of its kind ever raised solely for deployment in the country.
Singapore’s Golden Equator has punctuated a spate of fundraising activity with confirmation it will launch a $200 million mezzanine and private debt fund for growth-stage companies in Southeast Asia.
Growth capital situations can provide a healthy source of deals for established mezzanine investors, but high barriers to entry will pose challenges for newcomers
In recent years Intermediate Capital Group has branched out beyond traditional mezzanine to embrace deal structures that have no sponsor. It sees ample opportunities in Asia’s developed markets
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the Abraaj Group’s global credit fund.
Hong Kong and Singapore-based hedge fund manager OCP Asia has raised a $200 million direct lending vehicle to make private equity-style credit investments in small and medium-sized enterprises (SME).
Singapore-based alternative credit investor Pierfront Capital has committed $25 million to Merdeka Copper Gold, an Indonesia-based operator of copper and gold mines backed by Saratoga Capital and Provident Capital.
Selling Asian LPs on private credit strategies remains difficult for the most part, but fund managers are generally confident that interest in the asset class is set to take off
China-based CDH Investments has closed its latest renminbi-denominated mezzanine fund at RMB3.5 billion ($525 million), exceeding a target of RMB2 billion.
China Everbright has invested an undisclosed sum in Sichuan Hope Education Group, which claims to be the largest private education provider in western China, through its renminbi-denominated mezzanine fund.
China Everbright has invested an undisclosed amount in Chinese healthcare conglomerate Neusoft Holdings through its renminbi-denominated mezzanine fund.
Investors see more opportunities in the growth mezzanine space as China’s economy slows, but deal structuring is a challenge due to the need for onshore and offshore components
InnoVen Capital, the venture debt firm backed by Temasek and UOB, sees considerable opportunities in Southeast Asia's entrepreneurial community, which the firm's CEO for Singapore and Southeast Asia Chin Chao sees as improving faster than expected.
US-based private equity firm Corstone Capital has closed a South Korea-focused fund at KRW150 billion ($124 million).
Mezzanine Capital Unit (MCU), a PE investment unit under Singapore’s OCBC Bank, has sold its stake in China education service provider Tsingda eEdu, generating nearly 3x return on a $20 million investment made in August 2014.
Olympus Capital Asia Credit and CX Partners' India mezzanine fund have led a INR4 billion ($59 million) round for Indian management service provider Nspira.
China’s shadow lenders are an often-misunderstood part of the private debt sector. Investors say these unregulated institutions are not necessarily a threat, but they are hard to account for
The $392 million Lion-OCBC Capital Asia Fund I represents the first time OCBC has tapped third-party investors for a PE vehicle. Daniel Kwan, head of the mezzanine capital unit, explains the investment strategy
Singapore's OCBC Bank has closed its debut small and medium-sized enterprise-focused fund at S$550 million ($392 million).
Taiwan's National Development Council (NDC) will launch a NT$20 billion ($609 million) fund to assist domestic companies with mergers and acquisitions.
Low interest rates have restricted the scope for foreign private debt and mezzanine funds in Japan, though offering bespoke solutions to local businesses is an attractive opportunity, say industry participants.
China Everbright has invested an undisclosed sum in AVIC Precision Casting Science and Technology, an affiliate of Chinese state-owned aerospace and defense company Aviation Industry Corporation of China (AVIC), via its RMB Mezzanine Fund.