IFS Capital (SGX:I49), along with IFS Asset Management and Funds IGC, a subsidiary of Japan's Funds, signed an agreement to channel Japanese capital into private credit strategies for SMEs based in the Asia Pacific, according to a Thursday filing with the Singapore Exchange.
Shares of the company were up nearly 1% in Friday trading.
Under the agreement, the parties will work to fill a financing gap in the SME sector by providing income and portfolio diversification options to investors.
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