Singapore, May 29: Alta Alternative Investments Pte. Ltd. (Alta), Asia’s leading digital securities exchange for alternative assets, has partnered with global investment management firm Davidson Kempner Capital Management LP (Davidson Kempner) to enhance investor access to multi-strategy and asset-based lending strategies.
“Alta is proud to partner with Davidson Kempner to bring industry-leading opportunities to our investor community. There’s a growing demand for stable, income-producing portfolios and low-volatility strategies, especially amid persisting uncertainties in the markets, and we are addressing precisely that with this partnership,” said Muzahir Degani, Head of Private Capital Markets, Alta. “Alta is pioneering accessible avenues for alternative investments, and this collaboration presents a distinctive investment opportunity aimed at breaking down barriers to enter private markets, enabling easy access to alternative assets typically reserved for high-net-worth individuals and institutional investors.”
Private credit has seen substantial growth, jumping from $320 billion in 2010 to $875 billion in 2020 in Assets Under Management (AUM). Predictions indicate continued growth in Asia-Pacific lending for 2024, focusing on top-tier borrowers over distressed cases. A Bloomberg survey anticipates a market expansion of over 10 per cent this year.
To address this surge, Alta has collaborated with global investment firms.
They have partnered with Hamilton Lane to offer access to a senior private credit fund across the region and with Scenic to introduce the Scenic Private Access Fund, providing direct venture secondaries.
Melanie Levine, Partner and Global Head of Sales & Client Service at Davidson Kempner, added, “At Davidson Kempner, we’re committed to partnering with investors through innovative solutions tailored to their unique needs with an emphasis on strong downside protection and capital preservation. Our partnership with Alta marks an important step forward in catering to the growing investor demand in Asia for multi-strategy and asset-based lending strategies.”
In an era of evolving investor demands for liquidity and portfolio diversification, Alta provides diverse investment opportunities in private capital markets, including a wide range of alternative assets. Recently, Alta announced the inaugural trade for the first tranche of shares from shareholders of Income Insurance Limited, marking the listing of Singapore’s top general insurance provider on a private securities exchange. This development enables institutional and accredited investors to trade shares of a non-publicly listed company.
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