9Basil Acquires AlteriQ Global to Fuel APAC Private Credit Growth
by Fintech News Singapore April 15, 20249Basil Group, a Bangkok-based alternative investments firm, has acquired the boutique private credit platform AlteriQ Global, marking a significant expansion into the Asia Pacific private credit market.
The acquisition deal includes a US$50 million capital commitment into AlteriQ to enhance its investment capabilities.
AlteriQ Global, established in 2020, specialises in providing debt financing solutions to small-to-mid-sized enterprises across the Asia Pacific.
The acquisition will integrate key personnel from AlteriQ, including Heng Zhi Yong and Kenneth Tan, into the 9Basil team.
Zhi Yong is known for his expertise in asset-backed and supply chain financing in emerging markets, while Tan has a strong background in investment banking across multiple jurisdictions. Their inclusion is expected to bolster 9Basil’s strategic vision and risk management capabilities.
Post-acquisition, AlteriQ will continue to operate under the leadership of Zhi Yong and Kenneth, with a focus on advancing the company’s growth trajectory.
Additionally, 9Basil Group co-founders Schwin Chiaravanont and Kris Panijpan will join the Board of Directors of AlteriQ.
Schwin Chiaravanont
“Private credit represents an underserved yet compelling asset class that complements our group.
Integrating AlteriQ’s specialised capabilities enables us to better meet companies’ financing needs through expanded debt and equity offerings.”
said Schwin Chiaravanont, Co-founder of 9Basil Group.
Zhi Yong
“Joining 9Basil Group unlocks opportunities to scale our tailored financing across APAC.
Our shared values and synergies position us well to drive sustainable value creation for our clients.”
said Zhi Yong.
