World
The pause is the latest sign of stress in the $3.5t global private credit market.
1
Hanoi-based jeweller Bao Tin Manh Hai gears up for IPO in Q4 this year
2
Lightspeed leads funding in trading app Trackk and other India deals
3
HSBC to provide $4b credit to help Chinese clean tech firms scale globally
4
Bain Capital announces final close of Asia Fund VI at $10.5b
5
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Aggregate fair value-to-cost ratio fell 103 basis points to 98.55% at the end of March.
India
The fund has already deployed more than 50% of its total corpus across a range of sectors.
IFC’s debt proceeds will be used to finance affordable housing loans.
The fund invests in loans made by Apollo’s giant MidCap Financial.
The firms cited markdowns on troubled loans to software and other sectors.
Singapore
Cornerstone commitments came from IFC and Indonesia Investment Authority.
It is targeting to amass some S$200 billion in funds under management by 2030.
Rest of Asia
Demand is fuelled by surge in corporate M&As.
The sector’s rapid expansion into less liquid, harder-to-value loans has raised concerns.