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German asset manager Allianz Global Investors has marked the final close of its new private credit fund focused on backing companies based in the Asia ......
In 2017, industry experts correctly predicted that asset owner demand would continue to drive the rapid expansion of private debt markets both globally and in Asia over the next decade.
Indonesia Investment Authority (INA), BlackRock, Allianz Global Investors, Orion Capital Asia, and other leading global financial institutions have signed an agreement to provide a financing facility of $300 million to Traveloka, an Indonesia-based travel and lifestyle platform.
Allianz Global Investors says institutional investors increasingly favour Asia private debt for exposure to growing sectors and stable cash flow.
The fund, targeting €650m, is expected to have its final closing by the end of the year.