Private Credit

Private wealth and ultra-high-net-worth investors are shifting allocations toward income-generating illiquid strategies like private credit and music royalties, while Partners Group's Asia head sees more opportunities in China and India despite market scepticism.

The wealth manager's Asia and Middle East chief investment officer is positioning portfolios with a US underweight and value tilt while cautioning that private credit's apparent stability may prove illusory during market stress.

Earlier this year, the firm bolstered its traditional asset management scale with the US$1.8 billion purchase of Macquarie’s U.S. and European public asset management businesses.

MA Financial Group is expanding its Asian footprint by targeting high-net-worth investors with real estate and private credit funds. Executives say winning trust through education and local expertise is key to their long-term strategy in the region.

Leading asset managers are setting a cautious yet opportunistic tone for 2026, emphasizing a strategic pivot away from broad diversification toward more deliberate and selective exposures in private markets.

The Carlyle Group is seeing powerful acceleration in its global wealth business, with CEO Harvey Schwarz calling wealthy individual investors a key "growth engine" as the firm posts $17 billion in quarterly inflows driven largely by private credit and secondary market strategies.

As private banks continue to innovate and create pathways for their clients, the intersection of wealth management and private credit in Asia is set to become a defining feature of the region's financial landscape in the coming years.

The two firms have entered a strategic partnership to construct and deliver a suite of multi-asset portfolio solutions for individual and institutional investors.

In the dynamic landscape of Asian wealth management, success hinges on a seemingly contradictory strategy: the discipline of patient, long-term building coupled with the agility to capitalize on immediate openings.

Muzinich & Co. is stepping into the void left by retreating lenders—offering institutional and wealth clients alike access to resilient, cash-generative opportunities far from the crowded fields of conventional private credit.

The UHNWI segment is a strategic focus of Bank of Singapore. In 2024, assets under management in this segment recorded a double-digit year-on-year growth.

Lim’s insights cut through the noise of modern portfolio management, framing gold not as a safe haven but as an active return driver, ETFs as tools rather than solutions, and China’s discounted valuations as one piece of a global puzzle.