The fund targets lower middle-market companies, with the objectives of generating income with capital appreciation whilst simultaneously minimizing credit impairments, building a diversified portfolio, and incorporating an environmental, social, and governance (ESG)-conscious approach towards investments.
DBS has on June 17 announced that it will become an anchor investor in a special situations private debt fund managed by US credit fund Muzinich and Co.
DBS will anchor up to US$200 million ($265.74 million) of the Muzinich Asia Pacific (APAC) Private Debt I fund. The bank will also have a seat on the fund’s investment advisory committees.
