SINGAPORE – Media OutReach – October 9, 2023 – Orion Credit Capital Asia Pte. Ltd. (“Orion Capital Asia”), a Singapore-based private credit investment manager focused on direct lending in Asia Pacific, has reached the first close of its Fund III with up to US$205 million in subscriptions . The new fund has already started deploying capital.
Orion Capital Asia works with both private equity sponsors and local entrepreneurs by providing medium-term secured loans to mid-market businesses that have been underserved by traditional banking channels. Investments span various industry sectors, are used for growth capital, acquisition financing and other corporate initiatives and in many cases involve tailored financing solutions spanning multiple jurisdictions.
Orion Capital Asia has demonstrated a strong investment track record based on direct origination, robust structuring and prudent underwriting. Orion Capital Asia has invested more than US$400 million in each of its first two funds and has invested more than US$1.5 billion in total, including co-lenders, providing investors with access to private credit opportunities stable income generators in the Asia-Pacific region. Orion Capital Asia does not invest in distressed assets.
OMERS, the defined benefit pension plan for municipal employees in the province of Ontario in Canada, made an equity investment in Orion Capital Asia in 2020.
The decade-old platform was selected “Best of the Best Mid-Sized Private Debt Firms” by South Korean pension funds and other major institutional investors in the “Best Asset Managers by Korean Investors 2020” awarded by the Korea Economic Daily.
“We are very pleased to achieve the first close of our third fund with leading global institutional investors,” said Nitish Agarwal, CEO and CIO of Orion Capital Asia. “The success of this fundraising is a strong validation of our investment strategy and track record, and positions Orion well to capture the direct lending opportunity in the mid-market in Asia. -Pacific, which have become even more attractive in current market conditions.
“OMERS is delighted to be an investment partner in Orion Capital Asia. Our capital commitments to Orion have increased significantly since we made an equity investment in Orion three years ago,” said Ani Deshmukh, Managing Director, OMERS Global Credit. “Asia is a growth region for OMERS, and we look forward to working alongside Orion Capital Asia to participate in the growth of mid-market credit in the region.”
OMERS Global Credit seeks to generate long-term sustainable returns by investing in public and private credit strategies, including liquid securities and structured investments, both directly and alongside top asset managers and direct lenders. It provides long-term, strategic and/or opportunistic capital to businesses and partners to generate stable, risk-adjusted cash returns for OMERS. OMERS is a joint defined benefit pension plan, involving 1,000 employers ranging from large cities to local agencies, and more than half a million active, deferred and retired participants. Our members include unionized and non-unionized employees of municipalities, school boards, local councils, transit systems, electric utilities, emergency services and children’s aid societies everywhere in Ontario. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe – serving plan members and employers, and creating and managing a diversified portfolio of high quality investments in public and private markets. equity, infrastructure and real estate.
Further information:
For more information about Orion Capital Asia, please visit
www.orioncapitalasia.com.
To learn more about OMERS, please visit
www.omers.com.
For any questions, please send an email [email protected].
Hashtag: #orioncapitalasia #privatecredit #privatedebt #privatemarkets
The issuer is solely responsible for the content of this announcement.
