IFM Investors targets Asia for up to half of $1bn private credit fund
Australian asset manager IFM Investors is planning a major expansion into Asian private credit markets, with the firm targeting the deployment of up to half of a roughly $1bn open-ended fund across the region, according to a report by Bloomberg.
Australian asset management firm IFM Investors is poised to expand its private credit investments into Asia, with the aim of allocating up to half of a $1 billion fund to the region, according to Bloomberg. Currently, the fund has a strong focus on Australia and New Zealand, but IFM plans to shift around 25% to 35% of its assets towards Asian markets in the near future, primarily in Southeast and South Asia.
Hiran Wanigasekera, co-head of APAC diversified credit at IFM, stated that the firm anticipates Asia to represent approximately half of the portfolio over time. This strategy is driven by IFM's confidence in the region's private credit market, which it deems a multi-decade growth opportunity with attractive deal structures and lending conditions compared to more mature markets.
IFM also notes that Asian lending practices are often more conservative than those in other markets, providing additional advantages. With a global asset base of approximately $205 billion, IFM recently established a presence in Singapore and has already made three investments in the region, including ventures in digital infrastructure, agricultural commodities, and business services.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
