Why some asset owners shun Asia Pacific private credit

Despite a multi trillion-dollar funding gap, unfamiliarity with Asia continues to hold institutional investors back from private debt investments in the region, as some asset owners prefer tried-and-tested regions like the US and Western Europe. Small and medium companies in Asia are facing a $4.1 trillion gap as banks pull back on lending in the region, according to the Alternative Credit Council. Investors have taken notice, with dry powder rising to $16.2 billion in 2019 – up f…