Singapore’s MAS gives private credit $1 billion stamp of approval

The Monetary Authority of Singapore (MAS) will invest $1 billion with global private credit fund managers, as it expands its Private Markets Programme (PMP), managing director Ravi Menon announced on Tuesday (September 20). The PMP was launched in 2018 through which MAS would place up to $5 billion with private equity (PE) and infrastructure fund managers. The recent addition to private credit managers brings the size of the PMP to $6 billion. “There are opportunities for privat…