Muzinich & Co. Inc. has raised $500 million for its first private credit fund dedicated to the Asia Pacific region, seeking to capitalize on the rising popularity of the asset class.
Institutional investors contributed 80% of the money and the remainder came from family offices, according to Andrew Tan, the US firm’s regional chief executive officer, who also leads the private credit business.
Half of the funds come from investors in Asia. Singapore’s DBS Group Holdings Ltd. is the anchor investor with $200 million. It closed on Friday.
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