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Stock impact report

CBC Group raises $500 million for Asia's largest healthcare private credit fund [Yahoo! Finance]

Prospect Capital Corporation (PSEC) 
Last prospect capital corporation earnings: 2/10 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ww2.prospectstreet.com
Company Research Source: Yahoo! Finance
Healthcare Fund, making it the region's biggest healthcare private credit fund, the company said on Wednesday. The fundraising is occurring amid a global expansion of private credit providers, with the value of loans and related investments projected to reach $3 trillion by 2028, doubling from that in 2023, according to forecasts from Moody's. Healthcare has emerged as a key driver for the private credit sector, accounting for about 20% of direct lending deals in 2024, according to Prospect Capital, citing PitchBook data, as investors seek stable returns in non-cyclical sectors such as pharmaceuticals and medical technology. CBC Group, which manages about $11 billion in assets, said in a statement that the fund attracted a diversified base of global institutional investors including sovereign wealth funds, corporate pensions, financial institutions and family offices. The Singapore-based firm added that the fund will provide royalty and revenue-backed financing to healthcare f Show less Read more
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