9Basil Group, a Alternative investment company, it has acquired the boutique Asia-Pacific private credit platform AlteriQ Global (“AlteriQ”). As part of the deal, 9Basil Group will provide a USD 50 million capital commitment to support AlteriQ’s investment.
By incorporating AlteriQ’s specialised private credit methods and broadening its array of capital options for businesses in the Asia Pacific, the transaction considerably improves 9Basil Group’s investment capabilities.
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Founded in 2020, AlteriQ offers small-to-mid-sized businesses throughout Asia Pacific customized debt financing options. With the acquisition, it gains traction in the private credit space at a favorable moment when traditional funding sources reduce their lending due to more stringent regulations and unstable capital markets.
“Private credit represents an underserved yet compelling asset class that complements our Group,” said Schwin Chiaravanont, co-founder of 9Basil Group. “Integrating AlteriQ’s specialised capabilities enables us to better meet companies’ financing needs through expanded debt and equity offerings.” 9Basil Group co-founders Schwin Chiaravanont and Kris Panijpan will join the Board of Directors of AlteriQ.
Under Zhi Yong and Kenneth’s continued direction, AlteriQ will continue to grow after the acquisition. With this calculated approach, 9Basil Group will support AlteriQ by utilizing its network and resources, underscoring both teams’ dedication to working together to find solutions. AlteriQ will work closely with it on collaborative projects, highlighting the group’s dedication to success through synergy.
“Joining 9Basil Group unlocks opportunities to scale our tailored financing across APAC,” said Zhi Yong. “Our shared values and synergies position us well to drive sustainable value creation for our clients.”
For 9Basil Group, the transaction is the first of many important turning points in 2024. Having strengthened its skills, it is in a good position to close important funding gaps for expanding businesses around the region, keeping its promise to support innovation and corporate expansion.
About 9Basil Group
9Basil Private Equity’s mandate is Southeast Asia. In order to create synergies between the limited partners, managing partners, and their larger network, they actively manage their portfolio. They search for exceptional businesses with unique situations where they can bring in proprietary value and make investments with a safety margin.
About AlteriQ Global
AlteriQ was Founded in 2020, it offers small-to-midsized businesses in Asia-Pacific customized debt financing options. 9Basil Group enters the private loan market at an advantageous moment, as traditional sources of funding reduce lending and capital markets become increasingly unstable.
