Syfe, Asia’s leading digital wealth platform, has announced a collaboration with BlackRock, the world’s largest asset manager, to expand access to private credit investments for Accredited Investors in Singapore. This initiative aims to provide investors with access to high-quality, institutional-grade private credit opportunities, traditionally reserved for large institutions and ultra-high-net-worth individuals, at a fraction of the usual investment size.
Private credit, which involves direct loans to companies, has gained popularity due to its higher yields and lower volatility compared to public debt. Over the past decade, private credit funds have delivered average annual returns of 8-10%, outperforming traditional bonds. This collaboration marks a significant step in making these investment opportunities more accessible in Singapore.
Syfe clients will gain access to BlackRock’s US middle market direct lending strategy, part of a credit platform managing over $63 billion globally. BlackRock will offer marketing exclusivity in Singapore for this strategy with Syfe for a limited period. Ritesh Ganeriwal, Head of Investment and Advisory at Syfe, stated, “Syfe’s launch of BlackRock’s US middle market direct lending strategy unlocks access for our clients to products with exposure to high-quality, institutional-grade private credit opportunities.”
The partnership aligns with Syfe’s mission to empower individuals to build wealth by lowering investment minimums and eliminating complex fees. George Maltezos, Head of Capital Formation Team for APAC at BlackRock, expressed excitement about the collaboration, noting, “We’re pleased to expand access to our US middle market direct lending strategy and empower Accredited Investors in Singapore to make smarter, more diversified investment choices.”
As the wealth management landscape evolves, Syfe’s collaboration with BlackRock reinforces its commitment to providing diversified investment opportunities to its growing client base.
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