ADIA subsidiary funds SC Lowy’s Korean private credit strategy
SC Lowy has secured “a significant commitment” from a subsidiary of the Abu Dhabi Investment Authority (ADIA) to fund its South Korea private credit strategy.
The strategy will focus on providing tailored credit solutions to developers, construction companies and domestic financial institutions in the South Korean real estate sector.
It will primarily target senior secured lending for residential, commercial, and logistic developments in major cities.
“Our South Korea private credit strategy brings innovative financing solutions to the South Korean real estate market,” said SooCheon Lee, chief investment officer at SC Lowy.
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“This fund presents an opportunity to address the growing demand for private credit in South Korea’s real estate sector.”
The fund aims to bridge the financing gaps in the South Korean real estate market, where traditional lenders have pulled away.
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“Real estate private credit is growing rapidly in South Korea and SC Lowy is one of the country’s leading providers of innovative financing solutions,” said Mohamed Al Qubaisi, executive director of the real estate department at ADIA.
“This commitment aligns with our strategy of supporting differentiated private real estate credit platforms alongside partners with established track records and strong market access.”
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