As real yields compress, income strategies become structurally essential. Asian private credit offers 200–300 bps above developed markets. India differentiates as a portfolio stabilizer, anchored in fundamentals like manufacturing, consumption, and infrastructure rather than AI narratives, offering diversification when global indices concentrate around a single theme. The year ahead demands regional specialization: India's traditional growth themes, the GCC's transformation, China's AI application layer, each requiring market-specific strategies for strong risk-adjusted returns with clear performance attribution.
US and European credit spreads are near historic tights, with high-yield index spreads compressed below 300 bps. Global allocators are rotating capital toward Asia, where private credit offers 200–300 bps of premium alongside conservative structures.
Managing Director, Chief Executive Officer - Global Asset Management
Managing Director, Business Head - India Alternatives (Credit & Hybrid Strategies)
Managing Director, Head - Growth Debt
Executive Director, Asset Management and Head - Global Institutional Sales
Founding Partner & CIO | LC Nueva AIF
