Tag: PRE
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Neo Asset Management Plans to Raise ₹6,000 Crore for New Private Credit Fund
Neo Asset Management aims to raise ₹6,000 crore (~$699 million) for its second private credit fund, targeting wealthy individuals and institutions. The new fund would more than double the ₹2,575 crore raised previously. The firm plans to invest in mid-sized companies and specific financing scenarios, responding to a growing demand in India’s financial market. Neo…
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Private Credit Firms Aim for Expansion to Capture $40 Trillion Market Potential
Private credit companies are expanding beyond corporate lending, pursuing opportunities in asset-backed finance and infrastructure projects. The industry is poised to capture a share of the projected $40 trillion market, as traditional banks retreat from certain lending areas. Private credit firms are scaling up operations to meet the growing demand for diverse investment-grade debt options…
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Japanese Banks Stand by Adani Amid International Scrutiny
Japanese banks, including Mizuho, Sumitomo Mitsui, and Mitsubishi UFJ, are committed to supporting Gautam Adani despite US bribery charges, contrasting with a cautious approach from global firms like Barclays and Jefferies, which are reevaluating ties. Adani denies the allegations and reassures lenders and investors. While some US banks have halted efforts to lend, Middle Eastern…