CMB International and MA Financial to co-manage $600m private credit fund

The fund will focus on senior secured leveraged loans.

CMB International, a wholly owned subsidiary of China Merchants Bank, has signed a general partners agreement with MA Financial Group to jointly manage the MA CMBI APAC Credit Opportunities Fund.

The fund, structured as a Cayman limited partnership, aims to provide institutional and ultra-high net worth (UHNW) investors with access to Asia Pacific’s private credit market, according to a press release published on 18 February 2026.

It focuses on senior secured leveraged loans to sponsor back corporate borrowers in APAC.

The fund targets a size of US$600m of investments, including equity commitments of approximately US$250m, and an internal rate of return of 9% to 11% before fees.

CMBI APAC Credit Opportunities Fund GP and MA Investment Management Pty Ltd will be the co-general partners of the fund.

A large share of future global economic growth is expected to come from Asia and with that we see multiple demand drivers for private credit, said Andrew Martin, head of asset management, MA Financial.

“For investors, Asia Pacific private credit presents a unique opportunity particularly as a diversifier for portfolios concentrated towards US and European private credit markets,” Martin said.