Business

CBC Group raises $500 million for Asia's largest healthcare private credit fund

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.

• By Reuters
• Singapore
• Oct 15, 2025

Business

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.

CBC Group, which manages about $11 billion in assets, said in a statement that the fund attracted a diversified base of global institutional investors including sovereign wealth funds, corporate pensions, financial institutions and family offices.

The Singapore-based firm added that the fund will provide royalty and revenue-backed financing to healthcare firms across regions including Asia and Europe.

It launched its private credit and drug royalty strategy in 2020, according to the statement.