Singapore
The companies aim to enhance financial access for underbanked businesses across SE Asia.
1
OpenAI launches new series of AI models with 'reasoning' abilities
2
Blackstone mulls selling stake in visa firm VFS Global
3
US auto safety regulator opens probe into some VinFast EVs
4
China's Ant Group refinancing $6.5b credit line
5
SUSI Partners buys 39 MW wind farm in Vietnam from Norway's Scatec
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Genesis has secured commitments of $125m for Fund II, falling short of its $150m target.
Non-traditional lenders like Keppel have a greater risk appetite than traditional lenders.
With this, SeaTown’s private credit strategy now oversees over $2.5 billion in AUM.
Rest of Asia
Capital raised for private debt funds in APAC dropped to a seven-year low of $5b in 2023.
KKR closed its debut fund in the franchise at $1.1b in 2022.
Orion Secured Direct Lending Fund III has a target fund size of $400-500m.
World
The value of this acquisition, which is subject to regulatory approval, was not disclosed.
Greater China
Human Horizons suspended EV production and sales in Feb.
India
The company expects to use the funds to grow its digital personal loans business.
