What Elham Credit Partners does

Elham Credit Partners is a private credit investment manager established in 2023 as the dedicated credit arm of Hillhouse Investment. The firm provides bespoke credit solutions, including private credit origination, structured credit, and special situations investments, to mid-to-large corporate firms and private equity sponsors across the Asia-Pacific region. Its stated investment philosophy emphasizes fundamental value investing, capital preservation, and risk-managed solutions, with a geographic focus on India, Australia, Hong Kong, and Southeast Asia. The firm operates from a regional headquarters in Singapore and an additional office in Sydney, targeting both corporate liquidity and transformation financing needs as well as PE-backed leveraged transactions and restructuring support.

The firm's core product is a customized credit underwriting and origination platform rather than a packaged product suite; deals are structured on a bespoke, quote-based engagement model. Revenue is generated primarily through interest income, origination fees, and other credit-related charges associated with deployed capital, with the relationship-driven, direct-lending go-to-market executed by a small senior team of four named partners and managing directors — Siddhartha Hari (Co-Head, ex-Deutsche Bank), Sandeep Chandak (ex-Varde Partners), Srinivasulu Yanamandra (ex-Barclays), and Vincent Ling (ex-Intermediate Capital Group) — each bringing 17-20+ years of APAC credit experience. The firm does not disclose proprietary technology, AI tooling, or standardized pricing; its competitive positioning rests on team track record, regional networks, and the capital backing of Hillhouse Investment.

The firm operates as a Cayman Islands-domiciled entity governed by Cayman law, is privately held under Hillhouse Investment's ownership, and runs an active thought-leadership and media presence (Bloomberg, Milken, AVCJ, APLMA, Deal Street Asia, Alternatives Watch) to support deal origination. Recent commercial activity includes a $350 million co-lending debt financing for InMobi alongside Varde Partners and SeaTown Holdings (Dec 2025), partnerships with Digital Climate Group for sustainability-linked origination and with a Daiwa Securities-backed digital investment bank for Japan and cross-border Asia/Middle East expansion (also Dec 2025), and the Oct 2023 Bloomberg-reported pitch of a new billion-dollar Asia private credit fund.

Name

Elham Credit Partners

Legal name

Elham Credit Partners

Website

https://elhamcredit.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Elham Credit Partners is a Singapore-based private credit investment manager and the dedicated credit arm of Hillhouse Investment, providing bespoke credit solutions to corporate and private equity firms across Asia Pacific.

Ownership category

akta.pro rank

Product category

Private Credit / Corporate Lending

NAICS

Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Middle-Market Lending (FSANADAI)

Keywords

• Private credit lending
• Structured credit solutions
• Direct lending services
• Special situations investing
• Asia Pacific credit

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Private Credit Lending: Generates revenue through providing bespoke credit solutions to businesses across Asia Pacific, including direct lending, structured credit, and customized financing arrangements. Revenue is derived from interest income, origination fees, and other credit-related financial services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Elham Credit Partners is a Singapore-headquartered private credit firm that provides bespoke credit solutions to corporate businesses and private equity sponsors across the Asia-Pacific region. Its offerings include direct lending, structured credit, special situations investments, and customized financing arrangements structured to meet specific liquidity, growth, transformation, and deal-financing needs. The firm acts as a flexible financing partner delivering risk-managed credit capital as an alternative or complement to traditional bank lending.

Product overview

Elham Credit Partners operates as a private credit firm offering bespoke credit solutions to businesses across the Asia-Pacific region. The company does not appear to offer a structured product portfolio in the traditional SaaS sense; rather, it provides customized financing solutions, including private credit origination, structured credit, and special situations investments, targeting corporate and private equity clients. The firm positions itself as a financing partner delivering bespoke solutions rather than a product-platform company.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Credit Solutions Bespoke credit solutions providing liquidity to businesses across the Asia-Pacific region, including private credit origination, structured credit, and special situations investments. Targeted at corporate firms and private equity sponsors seeking customized financing arrangements.
• Asia Pacific Credit Opportunities Investment strategy targeting credit opportunities across Asia-Pacific markets, focusing on capital preservation and risk-managed solutions to deliver differentiated risk-adjusted returns.
• Corporate Credit Solutions Customized financing solutions for corporate and private equity firms in Asia Pacific, structured to drive growth and innovation across the region, addressing liquidity, transformation, and deal-financing needs.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Digital Climate GroupcoreStrategic or Co-development Partner · 16 December 2025Elham Credit has partnered with Digital Climate Group for private credit origination. This partnership focuses on sourcing and originating private credit opportunities, likely in the sustainability or climate-related sectors.
• Daiwa Securities-backed Digital Investment BankminorStrategic or Co-development Partner · 15 December 2025Elham Credit Partners has partnered with a Daiwa Securities-backed digital investment bank to explore private credit opportunities in Asia Pacific, with initial focus on Japan. The partnership also aims to explore cross-border opportunities in the Middle East and across Asia.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Oaktree Capital Management: Global leader in credit, distressed debt, and private credit. Competes with Elham in APAC private credit and special situations mandates, though Oaktree operates as a much broader, multi-strategy incumbent.
• PAG (Pacific Alliance Group): Asia-focused alternative investment firm with large credit, special situations, and private equity platforms. Overlap with Elham in APAC direct lending, structured credit, and special situations for corporate and PE clients.
• Apollo Global Management (Apollo Credit): Global alternative asset manager with a flagship private credit franchise expanding into Asia. Competes with Elham in structured, hybrid, and special-situations credit for large corporate borrowers.
• Ares Management (Ares Credit): One of the largest global private credit managers with expanding Asia operations. Comparable in direct lending and bespoke corporate credit solutions, though substantially larger and more diversified.
• KKR Credit: Major global private credit franchise with growing APAC presence. Competes with Elham for mid-to-large corporate direct lending and structured credit opportunities across Asia Pacific.
• Bain Capital Credit: Global credit platform offering direct lending, special situations, and structured credit. Expanding APAC presence; comparable to Elham in corporate direct lending for PE-backed and large corporates.

Others

• Hillhouse Investment: Parent company of Elham Credit Partners and one of Asia's largest alternative asset managers. Indirectly comparable through shared LP relationships, sourcing infrastructure, and broader Asia private credit investing across strategies.

Direct peers

• SeaTown Holdings: Asia-focused alternative credit and special situations manager, owned by Temasek. Co-lent alongside Elham in the InMobi transaction. Directly comparable in APAC private credit origination and bespoke financing for corporates and PE sponsors.
• Intermediate Capital Group (ICG): Global asset manager specializing in corporate private debt and credit; founded the Australia credit fund where Elham MD Vincent Ling was a founding member. Closely comparable in middle-market direct lending and structured credit across APAC.
• Varde Partners: Global alternative credit and distressed investor with significant Asia corporate and traded credit presence. Co-invested with Elham in the $350M InMobi financing and is the prior employer of Elham MD Sandeep Chandak. Most direct comparability on strategy and geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elham Credit Partners