Foreign Media: Asia 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 down. PitchBook data shows that only 5 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; in 2025, 29 funds raised $9.5 billion during the same period. 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 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 announced plans to increase its private credit allocation from 2% to 5% by 2031. (Financial Times)