Financial services

Assumptions that private means less transparent are 'just false,' chief executive Marc Rowan told delegates at the HKMA's Global Financial Leaders’ Investment Summit on Tuesday.

The credit advisory unit is seeking to fill a void by offering financing for PE employees who need assistance in meeting co-investment obligations, head of origination Mathieu Rabiller tells PEI.

The hire will also help further the bank's advisory work in control deals, firm-level financings and NAV loans.

Trade group calls for LPAC consent in some cases, and for new fund documents to cover usage and limits.

Speaking at the HKVCA’s Greater China PE Summit, Shirley Ma, senior portfolio manager at APG Asset Management Asia, said the pension giant doesn't support the use of NAV financing in its portfolio.

Tassilo Arnhold and Nassim Cherchali became co-managing partners at the financial services-focused firm last year in a management restructure.

Subscription credit line use in Japan hasn’t developed at the same rate as in other Asia-Pacific markets, Fi Dinh, head of fund finance for APAC at MUFG Investor Services, tells PEI.

New entrants, use cases and increasing adoption highlight the potential scale of the market opportunity, but LP buy-in will be essential to growth.

Founding investors in Collective Global include the Orange County Employees Retirement System and the City of San Jose Retirement System.

The financing tool is increasingly being used as a private debt product.