Goldman Boosts Backing for Hong Kong Fintech Startup FundPark
- Loan is an upsize, bringing total amount to $500 million
- Deal is a rare private debt bright spot in Greater China
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Hong Kong fintech company FundPark has secured a $250 million private loan with Goldman Sachs as a senior facility provider, signaling a rare bright spot in private credit lending in Greater China.
The asset-backed security facility is an extension and increase of an original $250 million deal that FundPark received in 2022, which was led by Goldman Sachs, bringing the total amount to $500 million, said Hay Yip, the company’s chief operating officer, in an interview.