Asia’s private credit market has ample room for expansion, Ares executive says

Asian private credit has ample room to expand, with investor demand holding up and the region’s lending market lagging far behind its private equity industry, according to E.G. Morse, head of Asia credit at Ares Management. The region’s private equity assets under management stood above US$1 trillion as of the end of March, about 11 times more than private credit, the executive said, citing Preqin Pro data. The gap is much larger than the roughly threefold difference in North America. “Investor...