The latest in funds and investments across Asia-Pacific.

Charismatic Capital 
The Ireland headquartered firm is launching a Singapore-registered fund that invests in secured asset-backed lending to shareholders of listed companies. The fund has clients in mind such as family offices, boutique organisations and high net worth individuals. 

After winning regulatory clearance from the Central Bank of Ireland in February, the Private Debt Fund was registered in April with the Monetary Authority of Singapore; at the end of June, it will be launched with $50 to $100 million. Investors will be Asian and European family offices and institutions, Charismatic Capital said in on its website. 

Charismatic Capital aims to raise $250 million for the Charismatic debt equity fund in a number of tranches, a report said. 

Such a fund is filling a space in the debt market that has arguably been vacated by banks in recent years amid their tighter capital constraints since the 2008 market crash.

“We provide liquidity to shareholders of listed equities and offer an investment opportunity to accredited investors and institutions to invest in fully secured stock loans,” Charismatic Capital says on its website.

An experienced private banking and financial industry figure, Lam Ching Ching founded the business in 2014, and put together a team and started originating loans secured against Asian listed equities. (Prior to forming the firm, she worked at Citibank, Credit Industrial et Commercial, as well as UBS and EFG. She is based in Singapore.