By Yantoultra Ngui

SINGAPORE (Reuters) -CBC Group, Asia’s largest healthcare-focused asset manager, has raised $500 million for its second R-Bridge Healthcare Fund, making it the region’s biggest healthcare private credit fund, the company said on Wednesday.

The fundraising is occurring amid a global expansion of private credit providers, with the value of loans and related investments projected to reach $3 trillion by 2028, doubling from that in 2023, according to forecasts from Moody’s.

Healthcare has emerged as a key driver for the private credit sector, accounting for about 20% of direct lending deals in 2024, according to Prospect Capital, citing PitchBook data, as investors seek stable returns in non-cyclical sectors such as pharmaceuticals and medical technology.

Singapore-based

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