Robo adviser and digital wealth platform operator Syfe has partnered with global asset manager BlackRock to provide accredited investors in Singapore access to private credit investments focused on US middle market direct lending.
The partnership will provide clients of Syfe access to curated private credit products from BlackRock’s US middle market lending strategy, which is part of a $63 billion global credit platform, per the announcement.
Private credit has historically been limited to large institutions and ultra-high-net-worth individuals.
“Syfe’s launch of BlackRock’s US middle market direct lending strategy unlocks access for our clients to products with exposure to high quality, institutional-grade private credit opportunities that are typically reserved for large institutional investors or ultra-high-net-worth individuals,” said Ritesh Ganeriwal, MD, Head of investment and advisory at Syfe.
Private credit, which refers to direct loans made to companies outside public markets, has gained traction for offering potentially higher yields and reduced volatility.
Over the past decade, private credit funds have delivered annual returns of 8–10%, outperforming many traditional fixed-income assets, according to data from Cliffwater.
George Maltezos, Head of the Capital Formation Team for APAC at BlackRock, said private markets are increasingly shaping the future of wealth, with private credit gaining strong momentum in recent years.
“Through this collaboration with Syfe, we’re pleased to expand access to our US middle market direct lending strategy and empower Accredited Investors in Singapore to make smarter, more diversified investment choices,” he added.
Syfe, which reached profitability in early 2024, has been expanding rapidly, with more than 250,000 users in Singapore and operations in over 60 countries.
In February, it offered to acquire Australia-listed investment platform Selfwealth for about $41 million in cash. It raised $27 million in its Series C-1 funding round in 2024.
