
A large, under-levered system
A large, under-levered system — where the scarce resource is reliable capital.
Corporate demand for growth and refinancing capital continues to rise, while banks retrench and public markets remain episodic. Private credit penetration is still low, so the constraint is not deal flow, it’s dependable funding. In that environment, lenders with local access and scale aim to shape outcomes through stronger structures: collateral, covenants, amortisation and cash-flow control.










