EFA makes first close of planned US$300m APAC private credit fund

EFA Group, a Singapore-based alternative asset manager specialising in private debt strategies, has completed the first close of its latest Asia-Pacific direct-lending fund.

The firm announced on Monday that it had received commitments from existing and new institutional investors as well as its management team. EFA did not disclose the amount raised so far. It is targeting a US$300 million final close by the end of 2020, raised through the group’s existing network of investors, capital allocators, and in partnership with a market specialist in Japan.

The new fund provides term loans secured against real assets to “established companies” in South-east Asia, Australia and New Zealand, EFA said.It will focus on the natural resources, manufacturing and logistics sectors, with environmental, social and governance, or ESG, considerations integrated into its investment process.

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