Foreign media: Private credit raising in Asia has fallen to its lowest level in 12 years

Private credit fund fundraising in Asia continued to cool, influenced by the risk of corporate bankruptcy, high interest rates and macroeconomic uncertainty. According to PitchBook, in the first half of the year, only 5 private credit funds in Asia had been raised, raising $1.2 billion, the lowest level in at least 12 years, and 29 billion in 2025. If the pace of fund-raising remains unchanged in the second half of the year, 2026 will be the coldest year in Asia in at least 12 years. Over the past year, the collapse of many borrowing enterprises has led to large-scale buy-backs of private credit funds by retail investors. However, a number of large institutions are still struggling to take advantage of the opportunities offered by the withdrawal of retail funds. In Singapore, for example, San Martínez announced plans to increase private credit allocation from 2 per cent to 5 per cent by 2031. (Financial Times)