LC Special Credit Opportunities Fund 2
About the Fund
Providing high-yield direct lending and special situations credit opportunities to mid-market companies across the APAC region. The fund captures the entire spectrum of credit opportunities, including performing credit, structured credit, asset-backed lending, dislocated credit, high yield bonds, and event-driven situations. The objective is to generate competitive risk-adjusted returns by addressing the significant financing gap in Asia's underserved private credit market.
The Private Credit Opportunity in Asia
APAC’s share in total global private credit market stands at c. 6%, far behind its
contribution to the global GDP at ~37%.
Non-bank lending is a dominant source of financing in the US & EU. However,
in APAC, non-bank lending has remained well behind, addressing less than a
quarter of the total financing requirement.
Primarily focused on large corporates, bank financing has been unable to
meet the financing requirements of Asian SMEs (accounting for 42% of GDP
and 62% of employment in the region). This has created an estimated
financing gap of US$ 2.1tn, and a significant opportunity for non-bank lenders.
Capturing High Yield Credit Opportunities
Performing Credit
Secured lending with strong convenants to performing mid-market companies
Structured Credit
High-quality credit opportunities of various assets types, vintages, maturities, jurisdiction, and capital structure priorities
Asset Backed Lending
Lending backed by a broad range of assets with a focus on tangible collateral
Dislocated Credit
Misplaced debt opportunities due to 
either market stress or lack of liquidity
Event Driven
Event driven, special situations trades
High Yield Bonds
Opportunistic deployment to High Yield Bonds
Team
Sanket Sinha
MD & CEO, Global Asset Management
Sanket brings with him over one-and-a-half decades of expertise in investment management, structured credit, and private financing. Sanket has worked with renowned global financial institutions including Edelweiss Financial Services, X10, and Deutsche Bank. He also holds a unique distinction of being a co-founder of a fintech venture, which enables him to have unique insights into this domain. Sanket has executed over US$750M of private investment transactions across sectors like life sciences, logistics, marine, roads, real estate, and technology. Sanket received his degree in Bachelor of Engineering from the University of Mumbai and an MBA from the Indian Institute of Management (IIM) Kozhikode. Sanket is also a Chartered Financial Analyst (CFA).
Ankit Agrawal
Executive Director, Head - Growth Debt
Ankit has over 14 years of experience focused on investments across the capital stack (private equity, long term and structured debt). Prior to joining Lighthouse Canton, Ankit has led and managed equity and debt investments in his roles with the International Finance Corporation (IFC), GIC, and the Piramal Group. He has overseen portfolios and transactions of over US$500mn in various sectors including manufacturing, agribusiness, hospitality, logistics, real estate, healthcare and more.
