Investment News New Zealand

Private debt will assume a larger role in supporting NZ businesses as the economy moves out of pandemic emergency mode, according to Bob Sahota, Revolution Asset Management chief investment officer.

With mainstream banks facing capital constraints and government support for COVID-hit businesses due to end, ‘non-traditional’ lending would become increasingly important, Sahota said in a release.

“The good news is that private capital in the form of institutional and wholesale investors is available to fill the gap,” he said. “Generally, this comes in the form of long term, patient ‘buy and hold’ capital from investors who wish to access New Zealand private markets where it is otherwise difficult to do so.”

Read the story as it appeared in Investment News New Zealand here.