Debt

Debt fund strategies in the region could not escape the real estate downturn, but at least improved their overall fundraising share last year.

Real estate private credit has region-wide potential in Asia-Pacific, but requires local expertise to succeed, say Arjun Pandit and Nick Jacobson.

ESG is climbing up the agenda in regional private credit markets, but it is not yet moving the needle on most real estate transactions.

Capital raised for Asia-Pacific-focused real estate credit funds has started to improve across the region.

Navigating risks effectively across Asia’s diverse economies requires skill, experience and teams on the ground, says PAG’s Chris Gradel, as not all markets are created equal.

The Asia-Pacific credit space is considerably underserved as market forces once again drive growth.

Six in 10 institutions are now underweight in the asset class, but just 34% plan to up their investment in 2025.

‘We see that we’re firmly on this recovery path for real estate,’ said the manager’s president and COO, Jon Gray.

The firm has hired two capital market veterans from Harrison Street and Argo Infrastructure to lead the fundraising effort in EMEA and APAC.

The pension fund will favor non-core investments and existing managers in its allocation plan for the asset class in 2025.