The local fund manager, part of the PhillipCapital Group, launched its second private credit fund on July 1, focused on providing short-term real estate-backed financing to SMEs.
Private credit is rapidly emerging as a core allocation for investors pursuing yield and portfolio stability, amid ongoing volatility in traditional markets and growing capital constraints on banking systems worldwide.
In certain markets of Asia Pacific, where non-bank lending remains significantly underpenetrated, IFS Asset Management (IFSAM) is bridging the SME funding gap with its private credit fund.
