Hillhouse Pitches New Billion Dollar Asia Private Credit Fund

Hillhouse, the investment firm started with backing from Yale University’s endowment, is preparing to pitch a new Asia-focused private credit fund to international investors as the asset class continues to grow in the region.

Hillhouse, which has traditionally focused on public and private equity, has set up a private credit business called Elham Credit Partners, said people familiar with the matter, asking not to be identified discussing private information. While talks with potential investors are ongoing and no final target has been set, one person familiar with the matter said the fund may reach between $900 million and $1.1 ...