Dechert Advises Tikehau Capital on Its Joint APAC Private Credit Fund Launch With UOB-Kay Hian

Dechert has advised Tikehau Capital, a global alternative asset management group, on its joint launch of an Asia Pacific (APAC) private credit fund with Singapore-headquartered brokerage firm UOB-Kay Hian.

Both Tikehau Capital and UOB-Kay Hian will be contributing US$50 million each in capital commitments to the fund. The strategy of the private credit fund is to provide financing to mid-sized corporates across APAC, with a focus on growth, working capital, and refinancing lending to borrowers in resilient and defensive industries.

Dechert is acting as lead international counsel to Tikehau Capital, advising on the structuring, legal and regulatory aspects of the fund formation.

Tikehau Capital's global institutional relationships and track record in the private credit space, combined with UOB Kay-Hian's local networks, allow the new private credit strategy to tap on a unique nexus of sourcing and diligence channels.

Commenting on the launch, Thomas Kim, Partner, Singapore at Dechert, said, "A rapidly expanding asset class in APAC, private credit presents significant growth opportunities for investors and businesses alike. We are pleased to advise Tikehau Capital on the joint launch of its first APAC-focused private credit fund with UOB-Kay Hian, which provides mid-market businesses across APAC with access to alternative funding sources. The launch of this fund attests to the exciting interest and growth we are seeing in this asset class in the APAC region in particular."

Timothy Goh, Partner, Singapore at Dechert, added, "The rise of private credit as an investment class has signaled a growing sophistication of investors and asset managers both in their approach to the asset class and its role within their portfolios. Our team of multijurisdictional fund experts continue to lead the market in launching private credit funds in the APAC region due to its deep understanding of the local markets, robust global network, and unparalleled expertise in navigating complex regulatory landscapes. Dechert's commitment to client success and innovative solutions makes it the trusted partner for private credit fund establishment in Asia and globally."

The Dechert team was led by partners Thomas Kim and Timothy Goh, and supported by associate Jastine Yew in Singapore.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital - from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our 1,000+ lawyers across 21 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.