Private credit might be less attractive than it was last year as investors rush into the market, but there are sweet spots to be found.
Jain will be fund manager for long-only funds. He has more than 11-years experience in Indian equities. Jain last managed $150 million of assets at Kotak Mahindra Asset Management Company. Prior to Kotak, Jain has worked with SBI Funds Management, IDBI Capital Markets and Fortis Securities. He is an engineer and has a MBA.
Kotak Mahindra Asset Management Company is an advisor to KMUK. KMUK is a subsidiary of Kotak Bank and was the first company owned from India to be registered with the Financial Services Authority in the UK. In December, 2005 it became the first Indian institution to open shop at Dubai International Financial Centre when it opened a branch there.
Dubai was selected as the base for KMUK because it is in a similar time zone to India and it is also geographically close. Kotak has said it plans to increase its international asset management bandwidth to cater to the growing need of international investors for India exposure.
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Intrust Super chief executive to step down after merger; Aware acquires site for essential worker affordable housing; China bans cryptocurrency-related business activities; Hong Kong insure FWD filed for US listing of ADRs; Nippon Life acquires wealth life insurance from MassMutual; NPS to hire five investment managers to diversify portfolio; Malaysia to review Spacs framework; EPF reports $8 billion investment income; and more
Hesitancy aside, institutional investors eye Australia and Japan as promising geographies for private debt investments within Asia Pacific, with Greater China and Korea on the periphery.
While Asia still lags the global average, interest in sustainable projects is growing fast; the only thing needed now is the expertise to drive growth
Regulators keep their eyes open on tightening insurance industry by introducing more detailed risk management requirements, which could bring pressure on smaller players.