Foreign Media: Asian Private Credit Fundraising Hits 12-Year Low

Odaily Planet Daily News Affected by corporate bankruptcy risks, high interest rates, and macroeconomic uncertainties, fundraising for Asian private credit funds continues to cool. PitchBook data shows that only five Asian private credit funds completed fundraising in the first half of this year, raising a total of $1.2 billion, the lowest level for the same period in at least 12 years. During the same period in 2025, a total of 29 funds raised $9.5 billion. If the fundraising pace remains unchanged in the second half of the year, 2026 is set to become the quietest year for the Asian private credit market in at least 12 years.

Over the past year, the collapse of multiple borrowing companies has led to large-scale redemptions by retail investors from private credit funds. However, some large institutions are still increasing their positions against the tide, hoping to capitalize on opportunities arising from the withdrawal of retail funds. For example, Singapore's Temasek has announced plans to increase its private credit allocation from 2% to 5% by 2031. (Financial Times)