The private credit market in Asia is taking off. Despite the challenges of 2020, the global private credit market is set to grow to US$1 trillion. As the asset class continues to develop in Asia, it will play a crucial role in the region’s economic rebound from COVID-19, and there continues to be significant appetite from global and regional managers who have ramped up fundraising across a range of private credit strategies as they look for portfolio diversification and stability in this time of crisis.
Against such a backdrop, private credit managers and LPs alike will have to navigate the unique challenges of investing in a diverse and fragmented region.
Through this one-day virtual experience, AVCJ hopes to provide a setting to tell the compelling growth story of the global private credit market, as well as to foster an educational platform for global and regional investors to share key trends, best practices, and help capture opportunities in this asset class.
Topics will include:
What is the global outlook and industry trends of private credit from the perspective of GPs in the established markets of US/Europe?
How has the asset class in Asia developed over the past year, and how will COVID-19 impact its outlook?
What are the unique opportunities and challenges for private credit managers in Asia, and how can investors best access the fragmented markets in the region?
Which private credit strategies are gaining traction in Asia, such as distressed debt and special situations?
How has COVID-19 impacted fundraising and due diligence, and how much of an impact will ESG have in the private credit space?
What are the key considerations taken by LPs when making allocations into the asset class regionally?
Adams Street Partners is a global private markets investment manager with investments in more than thirty countries across five continents. Drawing on 45+ years of private markets experience, proprietary intelligence, and trusted relationships, Adams Street strives to generate actionable investment insights across market cycles. Adams Street is 100% employee-owned and has approximately $40 billion in assets under management. Adams Street has offices in Beijing, Boston, Chicago, London, Menlo Park, Munich, New York, Seoul, Singapore, and Tokyo.
CDIB Capital Group was established in 1959 as the private equity arm of China Development Financial (“CDF”) to deploy the group’s proprietary capital and third party assets under management within and outside of Taiwan. Today, CCG and its affiliates manage in excess of US$2.5 billion.
China Development Financial is one of the largest and most established merchant banking groups in Greater China with US$100 billion in assets and is Taiwan’s first and leading direct investment firm with over 60 years of experience. CDF and its affiliates form a fully integrated financial services platform, which includes principal investments, asset management, corporate and retail banking, regional and global investment banking, brokerage, fixed-income, and insurance. Our key subsidiaries include: CDIB Capital Group, KGI Bank, KGI Securities, and China Life Insurance.
CDIB Capital Group invests in a range of strategies and manages proprietary capital and third party funds focused on mid-market buyouts, growth, early and later stage venture capital, structured credit and special situations. We are able to draw on networks and know-how arising from our long-established presence in Taiwan as well as in Greater China, the rest of the Asia-Pacific region and North America in sourcing attractive investment opportunities, adding strategic, financial and operating value to our investee companies, and maximizing returns on exit. Backed by a team of over 100 investment professionals based in our Taiwan headquarter, regional (Shanghai and Hong Kong) and international (New York) offices, CCG has established successful investment track records in key sectors such as advanced manufacturing, consumer, technology (including AI) and healthcare across multiple currencies (US dollar, New Taiwan dollar, and Renminbi).
Through distinct and dedicated teams managing our various funds and principal book, CDIB Capital Group currently has holdings in over 240 companies in these sectors and geographies. Our industry expertise, extensive local knowledge and regional footprint enable us to collaborate with our portfolio partners to boost enterprise value and cross fertilize between Taiwan and the closely linked economies of Greater China and internationally.
CDIB Capital Group is also able to leverage the breadth and strength of the CDF platform, which offers a number of unique advantages, including significant proprietary deal-sourcing, deep industry expertise, extensive network and capital market capabilities.
Franklin Templeton is a global investment management organisation with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company brings extensive capabilities in equity, fixed income, alternatives and custom multi-asset solutions. With offices in over 30 countries and 1,300 investment professionals, the California-based company has more than 70 years of investment experience and approximately USD 1.5 trillion in assets under management as of December 31, 2020.
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit us on Twitter @KKR_Co.
Tor Investment Management is a leading independent alternative credit manager in Asia with over $2 billion under management across one evergreen and three closed-end funds. The firm was founded in 2012 by Patrik Edsparr, former Global Head of JP Morgan’s Proprietary and Principal Investing Division, and Chris Mikosh, former Head Trader of Goldman Sachs’ Asian Special Situations Group (ASSG), to provide investors with access to the Asia-Pacific credit markets in opportunities ranging from par lending to highly structured private financings and non-performing loans. Based in Hong Kong and Singapore, the platform consists of 40 employees, including an investment team of 17 professionals with 17 years of average experience. Tor Investment Management's global institutional investor base includes public and corporate pension plans, sovereign wealth funds, endowments, foundations, outsourced CIOs and family offices.