SC Lowy has announced the final close of its latest Asia-Pacific (APAC) direct lending fund, as the firm nears $1bn (£750.8bn) deployment in private credit across the region.
The credit-focused manager, which has $1.24bn in assets under management, has raised $417.4m for its Strategic Investments IV (SI IV) fund.
The fund specialises in direct primary lending in the APAC region, targeting projects and companies with limited access to traditional sources of capital.
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Since SI IV’s initial close in December 2023, it has deployed over $300m, drawing over 60 per cent of committed capital to date.
“Approaching $1bn in APAC private capital deployment marks a significant milestone and a clear validation of our strategy,” said Michel Lowy, co-founder and chief executive of SC Lowy. “It reflects our commitment to delivering superior risk-adjusted returns by anticipating market shifts and deploying capital where it’s most needed.”
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The manager also announced that its South Korea private credit strategy has received additional investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority. This strategy was launched in 2024 and focuses on real estate investments.
Lowy added: “Private credit in Asia is no longer simply an alternative to bank lending; it is reshaping capital provision across the region and supporting the next phase of economic growth.”
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