CLSA Capital Partners, the alternative investment management platform of CLSA, is pleased to announce the closing of Lending Ark Asia Secured Private Debt Fund II L.P. and a co-investment vehicle (collectively the “Fund” or “Lending Ark”). The Fund held its closing on 20 August 2021 with aggregate commitments of US$500 million. Together with the Fund, the secured private credit investment platform manages over US$1.1 billion including target allocations from separately managed accounts.
Managed by Lending Ark Asia Secured Private Debt Holdings Limited (“Lending Ark Asia”), a joint venture between Gregory Park and Carol Lee Park (collectively the “Lending Ark Principals”), and CLSA Capital Partners, the Fund invests in high-quality, secured private debt opportunities across the Asia-Pacific region, consisting of privately-negotiated, three-to-five-year maturity secured private debt financing, senior/mezzanine tranches of asset-backed securities, and bank-collateralized loan obligations. The Fund distributes quarterly USD current income.
Gregory Park, Lending Ark Fund Head and Chairman of the Investment Committee said: “We are grateful for the continued opportunity to provide uncorrelated, high quarterly USD income returns to our forethoughtful investors. Lending Ark’s unique, asset-backed product acumen and proprietary regional issuer relationships allow the Fund to operate efficiently and judiciously through these unprecedented times of COVID-restricted travel and heightened credit risk.”
Carol Lee Park, Managing Director of Lending Ark and Investment Committee Member, added: “Lending Ark’s investment opportunity set has grown by over 100%+ over the past twelve months. Lending Ark stands ready with our partners to immediately evaluate and execute on our carefully selected and scalable secured private debt pipeline emerging from Asia-Pacific, the fastest growing region in the world.”