SC Lowy has launched a brand new fund specialising in direct major lending within the Asia Pacific (APAC) area.
SC Lowy Strategic Investments IV is the third APAC non-public credit score fund from the choice asset supervisor. It’s going to goal tasks and corporations that lack entry to conventional sources of capital within the APAC area.
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“We proceed to see good alternatives in Korea and India, adopted by Australia, Hong Kong, Singapore and opportunistically Southeast Asia,” stated SC Lowy’s co-global portfolio supervisor Soo Cheon Lee.
“With the launch of SC Lowy Strategic Investments IV, the agency is poised to capitalise on the rising alternative set in these areas.”
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SC Lowy is in search of to lift $500m (£395m) for the fund, whereas focusing on internet returns of round 14 per cent to fifteen per cent. Round two-thirds of the portfolio is to be invested in senior secured services, with 15 per cent in second-lien loans and 15 per cent in mezzanine debt.
The brand new fund comes amid a pivot in the direction of non-public credit score for SC Lowy. Earlier this 12 months, the asset supervisor introduced the winding down of the its inaugural funding fund, and launched a brand new interval fund with the intention of capturing fast-growing non-public credit score alternatives in high-growth areas such because the Center East and Asia.
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