Asia Avoids US-Style Crowding in Private Credit, Says Lighthouse

The rush of capital into US private credit may end up producing more “losers” than investors anticipated, but current stresses aren’t endemic to the asset class or shared in Asia, according to Singapore-based Lighthouse Canton that manages its own debt funds.

“The US market has become extremely crowded,” according to Sanket Sinha, a managing director at the money manager in a statement. “You inevitably end up picking more losers than you can afford when too much capital is chasing the same opportunities.”