About us

Unlocking the future of credit in Asia, the Middle East, and Europe

Mission

Creating and maximizing value by seizing untapped opportunities

2009

Year founded

$4.8b

Capital deployed

$1.6b

AUM

offices

What we do

We invest in opportunistic corporate credit

With 9 offices across Asia, Europe and the Middle East, we leverage barriers to entry within fragmentated regulatory niche markets. We originate locally with boots on the ground through long-standing relationships which gives us prime access to untapped opportunities.

Area

Seoul, South Korea

Local office focused on private credit

Area

Hong Kong, China

Our first office and global headquarters focused on public & private credit.

Area

Mumbai, India

Local office primarily focused on public & private credit.

Area

Singapore

Local office focused on public & private credit across Southeast Asia.

Area

Brisbane, Australia

Local office focused on public & private credit.

Area

Abu Dhabi, UAE

ADGM regional office focused on public and private credit

Area

London, UK

Regional office focused on public & private credit.

Area

Milan, Italy

Regional hub focused on private credit.

Area

New York City

Satellite office focused on business development and investor relations

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Our journey

4 key milestones have been transformational for our firm

2009 : Inception

Founded as an investment and trading platform with initial capital of $16mn, our founders utilised their extensive experience to generate returns through high yield, distressed and special situations credit. Raised $20mn from institutional private equity in 2010 to fully capitalize on market opportunities

2011 : Transformation

Backed by a large global fund of funds and through an exclusivity arrangement, our firm became an alternative asset manager and launched our flagship ex-US hedge fund focused on stressed and distressed credit and special situations. Over 9 years, our AUM grew organically with positive investment performance and existing relationships, refraining from actively seeking outside capital

2019 : Opening our doors

Recognizing the opportunity for accelerated growth and with the support of the large global fund of funds, we opened our doors to new external partners and launched our first closed-end private credit fund focused on Asia and Europe.

Today : Acceleration

$1.6bn AUM across a hedge fund, private credit funds and SMAs, we strive to continue delivering attractive investment outcomes for our partners by identifying and capitalizing on opportunistic credit plays across Asia, the Middle East and Europe. We will continue to leverage and further develop our local expertise, best-in-class origination, research, operations & legal capabilities, and rigorous underwriting.

Expertises

Generate outsized returns through active sourcing and management

We have a robust and distinct local presence, consisting of dedicated teams situated in 9 strategically located offices. This strong presence empowers us to swiftly respond to market dynamics, specialize our investment approach, and leverage our exceptional origination, research, operations, and legal capabilities. As a result, we consistently deliver attractive outcomes for our valued partners.

Strategy

Private credit

We focus on short-term, fundamental, bottom-up, asset-backed and cash-flow based senior secured lending. We accomplish this utilizing robust local sourcing, due diligence, vigorous on-going investment monitoring, timely exits and no leverage.

Strategy

Private credit

Strategy

Special situations

Via our evergreen fund, we focus on special situations in Asia, the Middle East and Europe through long-term position taking and short-term trading in secondary loans, corporate bonds and liquidation claims with significant emphasis on downside protection.

Strategy

Special situations

Local by design

With 9 offices across Asia, Europe and the Middle East, we leverage barriers to entry within fragmentated regulatory niche markets to our benefit via our “boots on the ground” approach.

We are nimble

We manage and orchestrate the full investment value chain from sourcing to exit and can act upon opportunities faster than our competitors.

We are focused

Leveraging our founders’ 25+ years of experience through multiple cycles, our investment teams are highly specialized and singularly focused on their specific regions and products.  Our investment team’s deep understanding of multiple legal and regulatory frameworks, knowledge of market participants & structure, and institutional memory are critical to our success.

We are secured

We invest primarily in senior secured credit collateralized by hard assets and seek to protect investors’ capital with rigorous structuring, robust covenants, borrower oversight, and strong legal documentation in all scenarios.

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Our team

Our people are our foundation and at the core of all we do

Our investment teams are highly specialized and singularly focused on their specific regions and products. Our team’s deep understanding of multiple legal and regulatory frameworks, knowledge of market participants & structure, and institutional memory are critical to our success.