Hong Kong-based credit investment firm SC Lowy is raising a private debt fund with a target size of up to US$800 million, nearly eight times larger than its first one.
The move shows financial institutions such as SC Lowy are betting on the flourishing private debt market – in which credit is neither extended by a traditional bank nor publicly traded – to generate higher returns and bridge a funding gap amid elevated interest rates and an economic slowdown.
Source: REUTER
