Key Takeaways
- • Elham Credit Partners, the private credit arm of Singapore-based Hillhouse Investment, is planning its second Asia Pacific-focused fund, according to people familiar with the matter cited by Bloomberg.
- • The new fund could raise $700 million to $750 million, per one of the people familiar with the matter.
- • Elham's inaugural Asia Pacific strategy fund secured roughly $600 million last year, signaling sustained investor demand for regional private credit.
- • The raise comes as the global private credit industry, estimated at $1.8 trillion, faces mounting challenges, according to Bloomberg.
Summary
Elham Credit Partners is planning its second Asia Pacific-focused fund, according to people familiar with the matter, Bloomberg reported. Elham is the private credit arm of Singapore-based Hillhouse Investment. The sources asked not to be named because the discussions are private.
The firm is seeking to raise more than roughly $600 million, the total it secured for its inaugural strategy fund last year, according to the people. One of the people said the latest fund could raise $700 million to $750 million. The figures are described as approximate and remain subject to change as the fundraising process develops.
Bloomberg framed the fundraise as evidence of sustained investor appetite for private credit in Asia, even as the global industry, which Bloomberg puts at $1.8 trillion, grapples with mounting challenges. The report does not detail the specific challenges or the fund's target strategy beyond its Asia Pacific focus.
The firm is seeking to raise more than roughly $600 million, the total it secured for its inaugural strategy fund last year, according to the people. One of the people said the latest fund could raise $700 million to $750 million. The figures are described as approximate and remain subject to change as the fundraising process develops.
Bloomberg framed the fundraise as evidence of sustained investor appetite for private credit in Asia, even as the global industry, which Bloomberg puts at $1.8 trillion, grapples with mounting challenges. The report does not detail the specific challenges or the fund's target strategy beyond its Asia Pacific focus.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.