Foreign Media: Asian Private Credit Fundraising Drops to 12-Year Low

Odaily reported that due to factors such as corporate bankruptcy risks, high interest rates, and macroeconomic uncertainty, fundraising for Asian private credit funds has continued to cool down. According to PitchBook data, only five Asian private credit funds completed fundraising in the first half of the year, raising a total of $1.2 billion, the lowest level for the same period in at least 12 years. In comparison, 29 funds raised $9.5 billion during the same period in 2025. If the fundraising pace remains unchanged in the second half of the year, 2026 will become the quietest year for the Asian private credit market in at least 12 years.

Over the past year, the bankruptcy of several 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 trend, hoping to capitalize on the opportunities created by 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)