Live Breaking News & Updates on Bank Investment Advisers
Stay updated with breaking news from Bank investment advisers. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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. ....