The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Kilde
Singpore-based digital private debt platform, Kilde, has received a $1.115 million seed investment from Big Sky Capital, Borderless Capital, AXL ventures, Algorand Foundation, and angel investors.

Kilde provides accredited and institutional investors with access to private credit deals, offering the potential for annual returns of up to 13.5 per cent, it said in a statement. To date, Kilde said its investors have realised a yearly return of 11.9 per cent, with no defaults.

With this capital injection, Kilde aims to enhance its platform's features, scale its operations, and expand its market reach. 

“To date, we have witnessed a surge in interest in private credit investments in 2023 from the family offices and HNW individuals. Greater liquidity from investors allows us to focus on larger deals and negotiate better terms,” Radek Jezbera, CEO of Kilde, said.

Private credit has grown in step with the expansion of private equity over the past decade, also filling some of the space vacated as banks have contracted forms of lending since the 2008 financial crash. Research firm Preqin expects private credit to grow to $2.3 trillion by 2027.