PETALING JAYA: Maybank Asset Management Sdn Bhd (MAM) today launched the MAMG Global Private Credit Fund (the fund), a feeder fund that seeks to provide long-term capital appreciation and income by investing into the LGT Global Private Credit SA, SICAV-RAIF (target fund).
Through this structure, MAM extends its private markets offering to high-net-worth (HNW) investors in Malaysia via a partnership with LGT Capital Partners, a global specialist in alternative investing based in Switzerland.
The fund marks a significant milestone whereby MAM becomes the exclusive third-party entity to offer this strategy to individual investors in Malaysia.
The LGT Endowment, the firm’s principal investment portfolio launched in 1998, represents a significant anchor commitment within the target fund, ensuring investment decisions are made with the same long-term orientation that defines institutional stewardship.
Combined with LGT Capital Partners’ long-term investment philosophy, its established track record in private credit and a globally diversified portfolio across multiple strategies, this partnership offers Malaysian HNW investors an entry point into one of the fastest growing asset classes in alternative investments and a space that has historically been accessible by institutional investors only.
MAM CEO Hisham Hamzah said, “For us, this is more than a new fund launch. At MAM, we have been deliberate in how we expand our private markets capabilities, and every step has been taken with a clear view of where we want to be over the next decade. Partnering with LGT Capital Partners to bring an established quality private credit strategy to Malaysian HNW investors is precisely the kind of move that defines that journey. We are building something that lasts.”
Daniel Rauti, partner and member of the executive committee at LGT Capital Partners, said at LGT Capital Partners, private credit is not approached as a single allocation, but through the construction of a diversified portfolio across strategies and geographies, based on their endowment-style investment approach.
In the current environment, he added they see private credit as an important complement to traditional fixed income, potentially offering an additional source of income and diversification.
The fund is intended for sophisticated investors with a long-term investment horizon who are prepared for the risks associated with private credit, including illiquidity risk and credit risk. Denominated in ringgit as the base currency, the fund is offered across multiple share classes.
