Private credit firms eye new funds for HK property

In Hong Kong, access to private credit would be a major, though short-term, relief for many of the developers. — Reuters

AS valuations fall and banks pare exposure, some private credit firms are stepping in to invest in large commercial properties and developers in Hong Kong with plans for new fund launches for one of the world’s most expensive real estate markets.

Gaw Capital Partners and Blue Mountain Bridge Capital are among those looking to launch new funds for the Asia-Pacific region, including Hong Kong, despite the heightened market volatility induced by US President Donald Trump’s trade wars.