SC Lowy has secured “a big dedication” from a subsidiary of the Abu Dhabi Funding Authority (ADIA) to fund its South Korea non-public credit score technique.
The technique will concentrate on offering tailor-made credit score options to builders, building corporations and home monetary establishments within the South Korean actual property sector.
It should primarily goal senior secured lending for residential, business, and logistic developments in main cities.
“Our South Korea non-public credit score technique brings modern financing options to the South Korean actual property market,” mentioned SooCheon Lee, chief funding officer at SC Lowy.
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“This fund presents a chance to deal with the rising demand for personal credit score in South Korea’s actual property sector.”
The fund goals to bridge the financing gaps within the South Korean actual property market, the place conventional lenders have pulled away.
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“Actual property non-public credit score is rising quickly in South Korea and SC Lowy is among the nation’s main suppliers of modern financing options,” mentioned Mohamed Al Qubaisi, government director of the true property division at ADIA.
“This dedication aligns with our technique of supporting differentiated non-public actual property credit score platforms alongside companions with established observe data and powerful market entry.”
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