APAC Private Debt Q3 2023
Scott Reid
Head of Debt Capital Markets, APAC, Alter Domus | Private Debt Markets | Loan Administration | Loan Agent | Facility Agent | Security Trustee | Private Credit Markets | Venture Debt
Q3 2023 - What’s happening in APAC Private Debt Markets?
The private debt 'big picture' is familiar. Banks have pulled back. Room for growth relative to US/European markets. But what is happening at the deal level?
Insights from our recent private debt deals across the Australia, Singapore and Hong Kong markets.
Australia Private Debt – While Aussie real estate continues to attract significant private debt we do observe great diversity in Australia deals including significant infra-debt, M&A and mid-sized corporate loan transactions. We see global players linking with local market specialists to create bespoke financial solutions. Australia’s well regulated and diverse local economy will likely ensure the local market performs better than most other APAC economies into 2024.
Singapore Private Debt – A key landing spot for global fund managers doing APAC deals. We see tremendous innovation in the Singapore market with new debt products coming to market that link PE, insurance firms and sovereign wealth funds with local corporate borrowers. ?New platforms administer increasingly large diversified loan portfolios with sophisticated reporting needs that reflect those more commonly seen in the larger US and European debt markets.
Hong Kong Private Debt – Hong Kong’s large and diverse equity?capital markets provide private debt investors access to a broad range of corporate borrowers hungry for diverse finance solutions. Close connectivity to China’s financial markets also provides global investors with scope to take significant China market positions and a large refi market ensure ongoing deal flow for investors, lenders and borrowers.
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Private Debt Solutions
On the reporting side we deliver some powerful solutions. The ‘easy stuff’ relates to serving as named loan agent and collateral trustee on individual loans.
More complex appointments involve us supporting bespoke reporting requirements for large loan portfolios including NAV calcs, loan valuations and reporting from asset to fund level.
Reach out if you’d like to know more about APAC private debt markets, trends and insights.