HK’s PACM, Oi Wah Plan $300 Million Private Credit Fund (1)

Hong Kong-based asset manager PACM Group Holdings Ltd. and local financier Oi Wah Pawnshop Credit Holdings Ltd. plan to launch a private credit fund together with a focus on real estate, as more players expand into direct lending in the Asian financial hub.

Pacific Aegis Capital Management and its Hong Kong-listed partner will target a fund size of $300 million, a PACM spokesperson told Bloomberg News. Oi Wah, which owns pawnshops in the city, will act as the “anchor investor” and will provide initial capital for the fund, according to an earlier press release.

The dollar-denominated private credit fund is ...