WHY SMART MONEY LOVES UNCERTAIN TIMES
COVID-19 has certainly turned a lot of long term trends in Australian property on their head. We are embracing immense change and enjoying many new choices relating to where we live, the type of homes we buy or build, our personal lifestyles and our ability to generate wealth through property.
Chief Investment Officer and Head of Discretionary Portfolio Management, Nomura International Wealth Management
Chief Investment Officer, Southeast Asia, Global Private Banking and Wealth, HSBC
Global Head of Family Office Services, Wealth Management Division, Credit Suisse
Head of Retail Banking of Citibank Singapore
CEO, Pictet Wealth Management Asia
Chief Executive, Wealth and Personal Banking, HSBC
Cautious optimism. Curiously, our mixed emotions about the current state of the market mirror how tech founders and workers are feeling this year. Our optimism is rooted in the conviction that digitalization is a secular force transforming Latin America for decades to come. Whether we are drunk at the peak (last year) or hungover in the trough (this year), when we zoom out from the cycle of the day, the trendline is clearly up and to the right.
Latin America is home to several countries with developing economies and large populations, including a growing pool of tech talent bolstered by remote work opportunities that proliferated
during the COVID-19 pandemic.
Private debt fundraising stagnated in H1 2022 but is still on par with last year’s record-setting pace. Direct lending continues to be the standout strategy, accounting for more than a third of capital raised in the first half of the year. We expect the continued growth in PE dealmaking, combined with direct lenders’ taking of market share from banks, to fuel private debt’s dealmaking capacity in the coming years.