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Private credit firms are expecting an increase in lending in the Asia-Pacific region in 2024, focusing on higher-quality borrowers rather than distressed cases. This comes as banks reduce their financing for companies in the region. The education, healthcare, and consumption-related sectors are seen as the most promising for deals. Private credit has become a significant competitor to mainstream lending, offering higher rates of return. Demographic shifts, such as the growing middle class in India and Vietnam, will drive capital flows, while an aging population will boost demand for healthcare. The energy transition sector and real estate also present opportunities. However, respondents are cautious about China due to its economic slowdown and geopolitical tensions. [Extracted from the article]

Private credit firms are predicting increased lending in the Asia-Pacific region in 2024, focusing on higher-quality borrowers rather than distressed cases. A Bloomberg survey of major firms, including Apollo Global Management and Blackstone, found that many expect the market to grow by more than 10% this year. The education, healthcare, and consumption-related sectors are seen as the most promising for deals. Private credit has become a significant source of financing, attracting investors with higher rates of return. Demographic shifts, such as the growing middle class and aging population, will also drive capital flows in the region. However, respondents expressed caution regarding China's economic slowdown and geopolitical tensions. [Extracted from the article]

Private equity fundraising in Asia Pacific remained weak at $5.6 billion in the second quarter, although the figure was more than double the $2.7 billion raised in the previous three months. (Bloomberg) -- Private capital fundraising in Asia Pacific may hit a decade low this year, as investors shift away from China-focused funds, according to London-based research firm Preqin Ltd. Funds raised in the region in the first half of 2023 accounted for 22% of last year's total, Preqin analysts wrote in a quarterly report. [Extracted from the article]