Key Takeaways
- • MA Financial Group has agreed with CMBI International, a subsidiary of Shanghai-listed China Merchants Bank, to launch a jointly managed credit fund with a target size of US$600 million (approximately A$850 million).
- • The vehicle is branded the MA CMBI APAC Credit Opportunities Fund and is described as a leveraged buyout credit fund.
- • The fund will focus on senior secured leveraged loans to sponsor-backed corporate borrowers and performing credit investments across Asia Pacific.
- • The partnership pairs an Australian-headquartered alternative asset manager with a Chinese commercial bank's international arm, combining origination capacity with private credit expertise.
Summary
MA Financial Group has entered into an agreement with CMBI International, a subsidiary of China Merchants Bank, to launch a new leveraged buyout credit fund, according to the Australian Financial Review. The fund is targeted at US$600 million, equivalent to roughly A$850 million. Publisher coverage of the same announcement names the vehicle the MA CMBI APAC Credit Opportunities Fund, to be jointly managed by the two firms.
The fund will commit capital to performing credit investments in the Asia Pacific region, with a focus on senior secured leveraged loans. Borrowers will be sponsor-backed corporates, meaning companies whose leveraged buyouts or ownership structures are backed by private equity sponsors. Investment targets are framed as a size of US$600 million of investments.
China Merchants Bank is listed in Shanghai, and CMBI International is its international subsidiary. The structure positions the fund at the intersection of Chinese bank-affiliated deal flow and MA Financial's private credit platform. The sources reviewed do not disclose fund close timing, fee structure, investor base, or the split of commitments between the two managers.
The fund will commit capital to performing credit investments in the Asia Pacific region, with a focus on senior secured leveraged loans. Borrowers will be sponsor-backed corporates, meaning companies whose leveraged buyouts or ownership structures are backed by private equity sponsors. Investment targets are framed as a size of US$600 million of investments.
China Merchants Bank is listed in Shanghai, and CMBI International is its international subsidiary. The structure positions the fund at the intersection of Chinese bank-affiliated deal flow and MA Financial's private credit platform. The sources reviewed do not disclose fund close timing, fee structure, investor base, or the split of commitments between the two managers.
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