SC Lowy Plans Interval Fund to Grow Private Credit Exposure

Hong Kong-based SC Lowy is planning to launch a private debt-focused interval fund as it aims to further grow its private credit exposure.

The alternative asset manager is looking to launch the new fund in mid-2025, Bloomberg News reported January 9, citing a statement from SC Lowy. The firm said it will start the gradual wind down of its Primary Investment Fund amid the launch of the new fund.

The opportunistic corporate lending-focused firm's strategy to further grow its private credit exposure comes as the traditional lending market becomes more challenging as regulatory pressures grow and banks' risk-aversion intensifies.

SC Lowy CEO and co-founder Michel Lowy told Funds Europe that the current evolution of the financial landscape is opening up opportunities for private credit lenders. "As pioneers in the market with deep expertise and local presence, we are well-positioned to navigate this asset class and provide innovative financing solutions while delivering attractive risk-adjusted returns for our investors," he said.

Since its establishment in 2009, SC Lowy has deployed $4.8B in capital and currently has $1.6 of AUM, according to its website.