Vietnamese financial firm F88 Investment JSC has secured a $50m private loan form Lending Ark Asia Secured Private Debt Funds to help support the expansion of its presence in the country’s non-banking sector, according to a report by Bloomberg.

Phoenix Holdings (Phoenix), an Israel-based insurance, asset management, and financials group, and Apollo are launching a partnership for the deployment and co-investment of Phoenix client and corporate assets as part of their ongoing collaboration.

Barclays is planning a push into the $1.5tn private debt market and has allocated cash from its balance sheet to hold corporate loans and allow it to compete directly with private credit funds, according to a report by Bloomberg.