Track 2: Asia private credit: Complexity and yield
- What is the optimal strategy – asset-backed lending, mezzanine, or special situations?
- Does a favourable bank lending market increase competition or create synergies?
- How do investors address regional complexity in structuring and underwriting?
- Do Asia’s nuances mean that comparisons with the US and Europe are unhelpful?
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As Asia Pacific private credit leader, I am focused on connecting clients to KPMG’s breadth of services to assist with fund structuring, deal sourcing, fund performance and the growth of our clients.
I regularly advise on a range of assignments across private credit, including direct lending, distressed and special situations, asset-backed lending, restructurings (including debt-to-equity transactions) and various business turnaround & value creation assignments.
Our deal team are uniquely placed to provide transaction services, debt advisory, tax structuring, turnaround and restructuring services, deal strategy, value creation, M&A, reporting and monitoring, options analysis and compliance services.
Celia Yan is a Partner and Head of APAC Hybrid at Apollo Global Management, where she leads the firm’s hybrid investment platform across Asia Pacific. She is responsible for origination, execution, and strategic expansion of hybrid strategies across private market opportunities, spanning opportunistic credit to structured equity.
Previously, Celia was Head of APAC Private Credit at BlackRock, where she served as Portfolio Manager for the firm’s APAC Private Credit funds and Chair of the Investment Committee. She also held leadership positions on BlackRock’s APAC Operating Committee and Global Private Debt Executive Committee. Prior to BlackRock, Celia was Head of Greater China at ADM Capital, focusing on private credit investments across Asia and globally, with a strong emphasis on Greater China linked opportunities. She began her career at National Australia Bank and Equity Trustees in Melbourne.
Celia is also committed to community engagement and currently serves on the Advisory Committee of WEMP in Hong Kong, a foundation established to promote children’s mental health. She holds a Bachelor of Commerce from the University of Melbourne and a Master of Applied Econometrics from Monash University.
Mr. Mohinani is a Partner in Ares Asia, where he focuses on credit. Additionally, Mr. Mohinani is a member of the Secured Lending Funds Investment Committee. Prior to joining Ares in 2020, Mr. Mohinani was the Managing Director of the SSG Group since 2015 and was instrumental in growing the firm's Asia business, including identifying opportunities, structuring investments and asset management. Previously, Mr. Mohinani was responsible for Nomura's Asia credit desk analysis, overseeing high grade, high yield, illiquids and distressed across sovereigns, banks and corporates. In addition, Mr. Mohinani was at Lehman Brothers from May 2005, where he also headed the bank's Asia Pacific credit research effort. Mr. Mohinani began his career in research roles at Goldman Sachs and JP Morgan. At JP Morgan, he followed the Asian distressed credit market and, subsequently became responsible for the bank's Asia high grade credit research. Mr. Mohinani holds a degree from the University of Pennsylvania Wharton School in Economics. Mr. Mohinani is a CFA® charterholder.
Andrew Schantz joined Bain Capital in 2023. He is a Partner on the Credit team.
Prior to joining Bain Capital, Andrew was a Managing Director with CPP Investment’s APAC Credit team and an Executive Director with Tor Investment Management. He began his career with Citi’s Special Situations and Credit Portfolio teams in New York.Andrew received an MS from Boston College, a BS from Florida State University, and is a CFA Charterholder.
Chris Mikosh is the Portfolio Manager and Co-Founder of Tor Investment Management, a leading independent alternative credit manager in Asia with over $2.4 billion under management. Chris has over 25 years of direct credit investing and trading experience. Prior to Tor, he was Managing Director and Head Trader of the Asian Special Situations Group (ASSG) at Goldman Sachs (2000–2012). During his tenure, Chris was responsible for managing, sourcing, trading, and hedging a multi-asset class portfolio that averaged $3 billion. While at Goldman, Chris sat on the Asia Risk Committee and the Board of Goldman Sachs (Asia) Finance, the firm’s main investing entity in the region. Chris also sat on the Liquid Investing Committee for Non-Japan Asia, the Liquid Investing Committee for Japan, and the Illiquid Investing Committee in the US. Prior to Goldman, Chris spent four years at Lazard Frères as a desk analyst and then as Head Trader of the distressed and high-yield debt desk. Prior to that, he spent two years as a banker in Chase Securities’ high-yield origination group. Chris earned a dual degree BS in Finance and Computer Science/Management Information Systems from Boston College in 1994. He is a member of the board of the Christina Noble Children’s Foundation in Hong Kong.