Canyon Partners, Cerberus Capital, KKR and MBK Partners are part of a fast-growing wave of fund managers and asset owners looking to Asia for bad debt investment opportunities.
A missed payment on a Rmb500 million local government debt spooks investors. Now they're waiting anxiously to see what happens next.
Institutional investors across Asia Pacific are becoming more willing to put money to work in riskier tranches of private debt, as they seek out improved returns.
Wealth experts say Indian private debt is attracting more investors, particularly in light of distressed debt reforms, but heavy taxation is crimping more rapid market growth.
Steer clear of mezzanine in Asia and China NPL funds, says Hamilton Lane. The private markets investor's ideal credit portfolio is a blend of special situations and direct lending.
Canada’s biggest pension fund is building out its leveraged finance team in the region as it strives for global diversification and growth in nascent markets.