Foreign media: Asian private credit fundraising hits 12-year low

According to Odaily Planet Daily, driven by corporate bankruptcy risks, high interest rates, and macroeconomic uncertainty, fundraising for Asian private credit funds continues to cool down. PitchBook data shows that in the first half of this year, only 5 Asian private credit funds completed fundraising, raising a total of $1.2 billion, the lowest level for the same period in at least 12 years; in the same period of 2025, a total of 29 funds raised $9.5 billion. If the fundraising pace remains unchanged in the second half of the year, 2026 will become the bleakest 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 in private credit funds. However, some large institutions are still increasing their positions against the trend, hoping to capitalize on 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)