Global investment management firm Davidson Kempner Capital Management has partnered with Asian digital securities exchange Alta Alternative Investments.
The partnership will provide Davidson Kempner’s customers with greater access to alternative investments.
Alta provides diverse investment opportunities in private capital markets, including a wide range of alternative assets.
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“At Davidson Kempner, we’re committed to partnering with investors through innovative solutions tailored to their unique needs with an emphasis on strong downside protection and capital preservation,” said Davidson Kempner partner and global head of sales and client service Melanie Levine. “Our partnership with Alta marks an important step forward in catering to the growing investor demand in Asia for multi-strategy and asset-based lending strategies.”
In response to the surge in private credit over the past decade, Alta has teamed up with other global investment firms, including Hamilton Lane to offer access to a senior private credit fund across the region. It has also partnered with Scenic to introduce the Scenic Private Access Fund, providing direct venture secondaries.
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“There’s a growing demand for stable, income-producing portfolios and low-volatility strategies, especially amid persisting uncertainties in the markets, and we are addressing precisely that with this partnership,” said Alta head of private capital markets Muzahir Degani.
“Alta is pioneering accessible avenues for alternative investments and this collaboration presents a distinctive investment opportunity aimed at breaking down barriers to enter private markets, enabling easy access to alternative assets typically reserved for high-net-worth individuals and institutional investors.”
In the past decade, private credit has jumped from $320bn (£250.1bn) of assets under management in 2010 to $875bn in 2020, according to Alta.
Analysts predict more growth in Asia-Pacific lending for 2024, with a focus on top-tier borrowers over distressed cases. A Bloomberg survey cited by Alta recently anticipated market expansion of more than 10 per cent this year.