An experienced partner for
APAC-focused investment

PAG Credit & Markets focuses on delivering consistent, risk-adjusted returns to our investors, supported by PAG’s institutional scale, robust infrastructure and strong risk management and governance.

We build long-lasting relationships with our partners to meet short- and long-term funding and liquidity needs. Since inception, PAG’s Credit & Markets strategy has grown to US$21 billion in AUM.

Our approach is supported by one of the largest on-the-ground investment teams in the region, with broad-based expertise and a long and successful track record throughout several market cycles.

PAG is the largest private debt investor in APAC by net committed capital. Our direct lending funds provide flexible, tailored financing solutions to our partners across the region. Local leadership allows for swift decisionmaking and our scale allows us to provide turnkey solutions from a single counterparty. We can provide financing from as little as 3 months to up to 7 years. Past financing structures include:

We also work with the largest global banks to provide tailored bank risk sharing solutions.

PAG Special Situations funds can provide liquidity solutions as well as participate in debt restructurings and the acquisition of single credit or portfolios of non-performing loans. PAG has experienced in-house legal, asset management and servicing teams to support the execution of these strategies.

PAG manages a number of liquid hedged strategies:

Polymer Capital

Polymer Capital Management is a multi-manager platform which aims to generate consistent, low-volatility returns from a market neutral portfolio by combining strong investment talent from around the APAC region with strict management and strong institutional support. For more information about Polymer, please visit polymercapital.com.

Pacific Alliance Asia Opportunity Fund (PAX)

The Pacific Alliance Asia Opportunity Fund is a credit-focused fund delivering stable returns with strong downside protection.

Capital Structure Opportunities (CSO) Fund

PAG’s CSO fund seeks to deliver attractive risk-adjusted returns across market cycles through investments primarily in the convertible bond universe as well as complementary securities and hedges, primarily in Asia-Pacific. The Fund invests across the capital structure, with a focus on structural credit and equity-linked investments, and opportunistically in credit, equity derivatives, and equity strategies.

Pegasus Fund

The PAG Pegasus Fund is a concentrated, long-biased equity strategy that seeks outsized returns by targeting opportunities related to industry disruption and market dislocations globally, with a focus on Asia-Pacific. Up to 50% may be invested in private companies.