Growth Market
Private Credit in Singapore and India
At H.W. Anderson, we aim to expand and evolve in line with the markets. In recent years, the change in banking regulations on riskier lending has led to a gap in the market giving Private Credit a bigger platform than ever before. H.W. Anderson has established presence in Credit and Private Equity and has more recently expanded into APAC talent pools, making Private Credit in Singapore and India regions a natural next step. We work across Direct Lending, Asset-Backed Lending, Mezzanine Debt, Distressed Debt and Special Situations, working with key players in the market such as Private Equity firms, asset managers and hedge funds.
Asset Classes
Broad Scope
Due to more restrictive lending criteria for traditional banks, as well as the large amount of debt accrued globally during the Coronavirus pandemic, Private Credit is filling a gap in the market. Private Credit is lending through non-bank entities, structured and tailored to the borrower’s specific needs and the lender’s risk appetite.The Private Credit in Singapore and India space can be broadly covered by four main asset classes.
- Direct Lending: Direct Lending consists of private loans to performing middle market, non-investment grade companies. Direct lending strategies may be appealing as they invest in the senior-most part of a company’s capital structure, which may provide steady current income with relatively lower risk. Lending is in the form of floating-rate investments that change as rates change, providing real-time interest rate mitigation.
- Mezzanine Debt, Second Lien Debt and Preferred Equity: These three forms of credit, collectively known as “Junior Capital,” provide borrowers with subordinated debt. This kind of instrument is not secured by assets and ranks below more senior loans, e.g. direct lending, for repayment in the event of a default or bankruptcy. Junior Capital often comes with equity “kickers,” i.e. incentives that can support attractive total returns.
- Distressed Debt: When companies enter financial distress, they work with existing distressed debt investors to improve their prospects through operational turnarounds and balance sheet restructuring. Distressed Debt is highly specialized and the prevalence of opportunities tends to coincide with economic downturns and periods of credit tightness. These lenders take on a higher level of risk in exchange for lower prices and potentially high returns.
- Special Situations: Special situations involve any variety of non-traditional corporate events that require deep care and customisation. This may include companies undergoing Mergers and Acquisitions, divestitures or spinoffs, or any similar situations that are driving their borrowing needs. These strategies require a high level of expertise to identify and capitalize on unique investment opportunities.
Global Leverage
Local Access
H.W. Anderson has access to Private Credit talent globally, across North America, MENA, EMEA and now APAC, with our newest office in Dubai. We have an established presence within Singapore and have undertaken successful mandates across this major finance and trading hub. Our international coverage allows us to target top candidates on the buy-side and on the sell-side, allowing our clients to equip themselves with best in class individuals, at all levels of experience, in both established and emerging markets, such as Mid-Market opportunities in Private Credit in Singapore and India
Front Office Talent
Functional Scope
At H.W Anderson, along with our deep experience in recruitment within the Credit and Private Equity space, we have recently specialized in recruiting for a variety of roles within the Private Credit space, a rapidly growing sector. As specialists within Private Credit in Singapore and India working with asset managers, Private Equity firms and hedge funds, these roles include for example:
Associate and Analyst Talent: Generally more junior individuals at their firm, who generate investment recommendations for their team, based on market analysis. Our Private Credit Executive Search practice ensures our clients have access to a pipeline of excellent up-and-coming associate talent, from top-tier investment banks and consultancies, and places them into their desired buy-side role.
Portfolio Manager: Mid to senior-level investment managers who are responsible for investing the firm’s assets; from portfolio construction, market analysis, idea and strategy generation and investment weightings, to risk management and hedging, as well as managing the day-to-day portfolio trading of their team.
Investment Director, Vice Principal and Principal: These are all senior-level financial professionals responsible for overseeing an organisation’s investment strategies and portfolio, managing risk and mentoring more junior traders and analysts. They may be responsible for overseeing a specific trading function, asset class or geographic region, depending on their firm’s coverage and structure.
Contact
Engaging HW Anderson
For further information regarding our ability to deliver talent to your firm please get in touch.
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Team
Our People
Within the hyper-competitive and tight-knit trading and investment community our growth as a firm since inception has been exponential and truly organic. Every specialist HW Anderson consultant has been trained in-house and from-scratch. This ensures our methodology is original and consistent and that our culture is unique. Thanks to this growth we are positioned as a leader in Trans-Atlantic front office search. With three established offices, in the USA, UK and EU, our talented team is uniquely positioned to deliver meaningful value for our clients into the future.
