HK-based Abax Global hits first close of third private credit fund at $130m

HK-based Abax Global hits first close of third private credit fund at $130m

Kowloon, Hong Kong. Photo: Shuja/Unsplash

Abax Global Capital, a Hong Kong-based alternative investment manager backed by Morgan Stanley, has made the first close of its third structured private credit fund at $130.35 million, attracting commitments from six investors.