Singapore state-owned funding agency Temasek has fashioned of a wholly-owned personal credit score platform, based on a media launch on December 6.
The platform’s preliminary portfolio will quantity to round S$10 billion ($7.46 billion), consisting of direct investments and credit score funds.
In keeping with the discharge, the portfolio will likely be managed by a group of round 15 credit score funding professionals throughout workplaces in New York, London, and Singapore, who’ve been transferred from Temasek’s credit score & hybrid options group. The worldwide platform will likely be led by chief govt officer Nicolas Debetencourt, who has been the top of credit score & hybrid options at Temasek since 2016.
Temasek has been investing in credit score funds for over a decade. In 2016, Temasek assembled a credit score & hybrid options group to construct out its direct and fund investments to grab a broader vary of alternatives within the personal credit score area.
The brand new platform will likely be along with Seviora Group, Temasek asset administration enterprise, which incorporates SeaTown Holdings Worldwide, which gives personal credit score options in Asia.
A spokesperson for Temasek stated that at this stage the agency had nothing so as to add to the media launch when FinanceAsia reached out for extra data.
The transfer comes after BlackRock agreed to amass New York-headquartered international credit score funding supervisor HPS Funding Companions earlier within the month for $12 billion. Personal credit score has been a quick rising market globally in 2024, with Asia Pacific no exception.
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