Carlyle has announced a partnership with SBI Private Equity Holdings (SBI) to expand alternative credit opportunities for Japanese institutional investors.
The partnership will develop a multi-strategy private credit platform, including direct lending, structured and opportunistic credit as well as asset-backed finance, giving Japanese investors access to alternative markets in the US and Europe.
The deal marks SBI’s first full-scale entry into the private credit space, with the Japanese equity business providing initial capital for the new strategy.
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“As the needs of Japanese investors continue to diversify, we see this as a great opportunity to support SBI’s efforts to bring global private credit access to their institutional clients,” said Brian Marcus, head of cross platform investing for global credit at Carlyle.
Carlyle currently manages $203bn (£154.6bn) in credit assets, while SBI PE Holdings is one of Japan’s largest private equity firms.
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“Through this partnership with Carlyle, we are confident we can deliver new value to our clients and further strengthen our position as a leader in Japan’s evolving financial ecosystem,” added Yoshitaka Kitao, representative director of SBI PE Holdings.
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