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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
for its second R-Bridge 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. Singapore-based CBC Group, which manages about $11 billion in assets, launched its private credit and drug royalty strategy in 2020. The new fund is 66.7% larger than its predecessor, which raised $300 million in 2020 as a single-investor strategy focused on China. "This $500 million raise is significant because we went from one inv Show less Read more
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