JPMorgan Chase sees growth in Asia Pacific private credit market
The U.S. bank has been actively building its private credit business in the region since 2019, targeting mid-sized companies without investment-grade ratings but with strong fundamentals.
WHY IT'S IMPORTANT
Globally, tariff uncertainty and market volatility have sent some companies to seek private credit as a flexible funding alternative to traditional lenders, benefiting the $2 trillion private credit industry, which has grown from $500 million over the past decade, according to analysts.
CONTEXT
In February JPMorgan Chase announced that it would allocate another $50 billion for its direct lending push as the bank looks to expand its foothold in the rapidly growing private credit market.
KEY QUOTES
"Asia is driving over 50% of the world GDP growth, and we have some of the biggest economies in the region," Chen said on Thursday.
"And our overall debt market in Asia, in public format, is only about $1.5 trillion and the GDP growth is strong, and in private credit, from the deal size we have seen, it's probably only about $200 billion every year or so for the last two years so has a large gap to catch up so we see it's still at the beginning stage of Asia private credit market," she added.
(Reporting by Yantoultra Ngui and Rae Wee, editing by Louise Heavens)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
ME Construction
38 minutes ago
- ME Construction
Casagrand announces its entry in the UAE
Property Casagrand announces its entry in the UAE By Casagrand's entry into the international market is part of the firm's long-term vision to expand into high-potential real estate destinations, setting the stage for a new chapter of innovation-driven, lifestyle-focused developments outside India India-based real estate firm Casagrand has made a strategic move into the United Arab Emirates, and their first premium residential project on Dubai Islands is expected to be officially unveiled soon. The expansion into the international market aligns with Casagrand's long-term vision to explore high-potential real estate destinations, paving the way for innovative and lifestyle-focused developments beyond India. Established in 2003, Casagrand has grown into the real estate market with their presence in South India. With over 160 landmark projects, spanning 53m sqft of living spaces, and a customer base of over 55,000 families, Casagrand has consistently pushed the boundaries of urban living. Their projects provide amenities, layouts, green spaces, and adherence to international standards. Casagrand also offers post-possession services and more, said a statement. Casagrand has transformed the residential landscape in cities like Chennai, Bengaluru, Coimbatore, and Hyderabad. Now, they are setting their sights on the UAE, a region celebrated for its bold vision, architectural prowess, and insatiable demand for high-quality real estate. The company is committed to the region, exploring key growth communities and masterplans. Over the next three years, Casagrand aims to develop over 6m sqft of premium residential and mixed-use developments in the UAE, the company said. Casagrand's debut project, launched in Dubai Islands, a destination known for its waterfronts, tourism potential, and connectivity, aims to capitalise Dubai's growth corridors. The development aligns with the UAE's broader strategy of attracting long-term foreign investment and city's livability through infrastructure and urban planning. As part of its global expansion, Casagrand continues to identify high-potential markets, and Dubai Islands, supported by government initiatives such as the Dubai 2040 Urban Master Plan. 'Our entry into the UAE is a proud and exciting moment for all of us at Casagrand,' said Arun MN, Founder and Managing Director of Casagrand. 'Over the last 22 years, Casagrand has built a track record of delivering high-quality projects on time and with precision. We want to bring this experience and approach to this market, which is one of the leading real estate destinations in the world. We believe the UAE's visionary leadership, investor-friendly policies, and vibrant cosmopolitan lifestyle present the perfect environment for our next phase of growth. We are here for the long haul and our aim is to deliver differentiated lifestyle experiences that blend architectural brilliance, value-driven design, and exceptional community living – reflecting the hallmarks of the Casagrand promise.' Casagrand's upcoming projects in the UAE will offer resort-style living, layouts, and amenities tailored to the discerning modern buyer, whether they are end-users seeking a luxurious lifestyle or investors seeking high returns in the real estate market.
Zawya
38 minutes ago
- Zawya
Oil rises as US-EU deal lifts trade optimism
SINGAPORE: Oil prices rose on Monday after the U.S. reached a trade deal with the European Union and may extend a tariff pause with China, reducing concerns that potentially higher levies would limit economic activity and impact fuel demand. Brent crude futures inched up 22 cents, or 0.32%, to $68.66 a barrel by 0035 GMT while U.S. West Texas Intermediate crude was at $65.38 a barrel, up 22 cents, or 0.34%. The U.S.-European Union trade deal and a possible extension in U.S.-China tariff pause are supporting global financial markets and oil prices, IG markets analyst Tony Sycamore said. The United States and the European Union struck a framework trade agreement on Sunday that will impose a 15% import tariff on most EU goods, half the threatened rate. The deal averted a bigger trade war between two allies that account for almost one-third of global trade and could crimp fuel demand. Also, senior U.S. and Chinese negotiators will meet in Stockholm on Monday aiming to extend a truce keeping sharply higher tariffs at bay ahead of the August 12 deadline. Oil prices settled on Friday at their lowest in three weeks as global trade concerns and expectations of more oil supply from Venezuela weighed. Venezuela's state-run oil company PDVSA is getting ready to resume work at its joint ventures under terms similar to Biden-era licenses, once U.S. President Donald Trump reinstates authorisations for its partners to operate and export oil under swaps, company sources said. Though prices were up slightly on Monday, the prospect of OPEC+ further easing supply curbs limited the gains. A market monitoring panel of the Organization of the Petroleum Exporting Countries and their allies is set to meet at 1200 GMT on Monday. It is unlikely to recommend altering existing plans by eight members to raise oil output by 548,000 barrels per day in August, four OPEC+ delegates said last week. Another source said it was too early to say. The producer group is keen to recover market share while summer demand is helping to absorb the extra barrels. JP Morgan analysts said global oil demand rose by 600,000 bpd in July on year, while global oil stocks rose 1.6 million bpd. In the Middle East, Yemen's Houthis said on Sunday they would target any ships belonging to companies that do business with Israeli ports, regardless of their nationalities, as part of what they called the fourth phase of their military operations against Israel over the Gaza conflict. (Reporting by Florence Tan; Editing by Christian Schmollinger)
Zawya
2 hours ago
- Zawya
Al Rasikhoon Real Estate unveils 'Rawdat Al Sidir' land development in Sharjah
SHARJAH: Al Rasikhoon Real Estate announced the launch of its latest landmark development in Sharjah, Rawdat Al Sidir, and the commencement of sales for residential, commercial and industrial land plots within the master plan of the project, which spans a total area of 8.5 million square feet. This strategic unveiling reflects the company's broader vision to create integrated, thoughtfully planned communities that blend residential comfort with commercial opportunity. The announcement came during a high-profile event held on Sunday, July 27 at Al Jawaher Reception and Convention Centre. The ceremony was graced by bdallah Sultan Al Owais, the Chairman of the Sharjah Chamber of Commerce and Industry, Mohammad Ahmed Amin Al-Awadi, Director-General of Sharjah Chamber of Commerce and Industry. The gathering brought together senior officials, real estate professionals, and a host of investors and industry leaders. Welcoming attendees, the opening remarks underscored Sharjah's appeal as a strategic investment hub, renowned for its modern infrastructure, balanced urban planning, and forward-thinking economic policies rooted in sustainability.
