Global investment firm Arena Investors to shut Singapore office, majority of Arena’s Singapore operations will be absorbed by its Bangalore office

[The_King]

Singapore - Global multi-strategy investment firm Arena Investors is shutting its Singapore office and seeking to reallocate resources elsewhere, according to people familiar with the matter.

The firm found that investments in Asia were often not as appealing on a risk-to-return basis, nor as scalable compared to those in North America and Europe, one of the people said. Still, Arena remains open to pursuing compelling opportunities in the region, the person added.

Arena’s Asia Pacific team is focused on opportunistic credit-related investments with a flexible mandate, including direct lending, asset acquisitions and joint venture formation, according to its website.

Arena’s move to shut its Singapore office comes as the US$1.7 trillion (S$2.2 trillion) global private credit market faces mounting headwinds. Rising default warnings have sparked concerns over underestimated risks. Deal flow across Asia Pacific has also slowed, forcing some alternative managers to pause deployments.

Australian fund manager Tanarra Capital said this week it’s halting new investments for its distressed credit fund due to lack of viable opportunities, Bloomberg News reported. BlackRock also recently agreed to unwind its private credit partnership with Abu Dhabi-state owned wealth firm Mubadala Investment due to challenges in sourcing deals.

Arena had submitted an application to the International Finance Corp to raise funds for its prospective Asia Pacific-focused private credit strategy, the people said. A representative at IFC declined to comment.

https://www.straitstimes.com/busine...investors-to-shut-singapore-office-source-say

[The_King]

most are non local, not much lost anyway

[meng.huat]

Fug off and remember to bring your team on your way out

[XianGe]

Wow... So what EDB and the garment gonna do? To move out whole office is not easy decision. If also mean sg too ex and not profitable for them. It's really ggwp liao. 

[zheng]

1 hour ago, The_King said:

Singapore - Global multi-strategy investment firm Arena Investors is shutting its Singapore office and seeking to reallocate resources elsewhere, according to people familiar with the matter.

The firm found that investments in Asia were often not as appealing on a risk-to-return basis, nor as scalable compared to those in North America and Europe, one of the people said. Still, Arena remains open to pursuing compelling opportunities in the region, the person added.

Arena’s Asia Pacific team is focused on opportunistic credit-related investments with a flexible mandate, including direct lending, asset acquisitions and joint venture formation, according to its website.

Arena’s move to shut its Singapore office comes as the US$1.7 trillion (S$2.2 trillion) global private credit market faces mounting headwinds. Rising default warnings have sparked concerns over underestimated risks. Deal flow across Asia Pacific has also slowed, forcing some alternative managers to pause deployments.

Australian fund manager Tanarra Capital said this week it’s halting new investments for its distressed credit fund due to lack of viable opportunities, Bloomberg News reported. BlackRock also recently agreed to unwind its private credit partnership with Abu Dhabi-state owned wealth firm Mubadala Investment due to challenges in sourcing deals.

Arena had submitted an application to the International Finance Corp to raise funds for its prospective Asia Pacific-focused private credit strategy, the people said. A representative at IFC declined to comment.

https://www.straitstimes.com/busine...investors-to-shut-singapore-office-source-say

 

wlwlwlbbql even institute investor killed by rental fee, wanna run road from sinkieland