Sat, Aug 13, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

EFA launches $100m credit fund for financial institutions in developing markets

Monday, December 10, 2018

Laxman Pai, Opalesque Asia:

Singapore-headquartered asset manager EFA Group has launched a $100-million fund to provide credit to banks and financial institutions in developing and emerging economies of Asia and Eastern Europe.

The asset manager specializing in private debt said that the EFA Financial Institutions Debt Fund will provide short and mid-term financing to leading banks and financial institutions in emerging and developing economies, giving investors access to these rapidly expanding financial sectors.

The investment strategy aims to deliver superior risk-adjusted returns thanks to the low default rates of targeted financial institutions and their attractively priced debt.

"In these markets strong GDP growth, shallow local capital markets and limited access to international markets means there is more demand for credit than is available locally. By capitalizing on EFA's credit expertise and track record of direct lending in Asia, the Fund aims to raise $100 million to service this widening funding gap," said a press release from the company.

EFA's Kashama Pascal Nyangombe, who will manage the fund pointed out: "If you are a well-run bank or solid financial institution operating in a country with a low credit rating your ability to grow by raising money internationally will be tainted by the sovereign credit rating. This taint is not justified: default rates for such banks and financial institutions are similar to the default rates on institution......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  2. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  3. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  4. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  5. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: Castle Hall, the Du