Tikehau Capital, the alternative asset management group, and brokerage firm UOB-Kay Hian have launched a new Asia Pacific private credit strategy.
Both sponsors will be contributing $50m each in capital commitments to the strategy, which will provide financing to mid-sized corporates across the region.
Tikehau Capital declined to comment on the overall size of the fund when contacted by FSA.
The strategy will focus on growth, working capital and refinancing lending to borrowers in defensive industries.
“As Asian markets demonstrate continued robust growth and positive structural shifts, there is an ongoing demand among mid-market businesses in the region for funding to enhance working capital and refinance existing debts,” said Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau Capital.
“Our partnership with UOBKH will give Asian mid-market businesses access to alternative funding sources, whilst simultaneously offering investors a unique opportunity to engage with private credit as an investment class.”
“We are delighted to partner with Tikehau Capital, a global alternative asset manager whose growth and success have been remarkable,” said Wee Ee Chao, chairman and managing director of UOB-Kay Hian.
“We truly appreciate this partnership and commitment as we embark on this journey together in leveraging the strength of our franchises to grow the Asia Pacific Private Credit Fund strategy.”
