ASB Capital and StepStone Launch Private Fund
ASB Capital, a company specializing in asset management with a value of $10.2 billion, announced the launch of the private equity fund (ASB StepStone) in partnership with StepStone. The fund focuses on providing secured, premium-grade financing to mid-sized companies in the U.S. market, with a disciplined diversification strategy across borrowers and sectors. It aims to generate steady income and capital growth. The fund seeks to meet the demand for income-generating, sharia-compliant alternative investments, emphasizing priority of repayment, collateral coverage, and portfolio diversification. It leverages a global investment platform managing approximately $245 billion in assets. This partnership is a significant step in strengthening (ASB Capital)’s presence in the private markets and expanding its investment solutions, with expectations of achieving attractive returns relative to the risks involved.
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