Schroders Capital has appointed Sabrina Meng from Oaktree Capital Management to head business development across Asia, with a particular focus on raising capital for its private debt and credit alternatives business, according to a report by PEI.
Meng will join Schroders Capital in the newly created Hong Kong-based position on 2 March, reporting to global head of business development Ingo Heinen. Her remit will span the firm’s private markets activities, while she will take specific responsibility for fundraising for private debt and credit alternatives in Asia.
Schroders Capital, the £87bn ($111.8bn) private markets division of Schroders, manages $41.6bn through its private debt and credit alternatives business. Its strategies include asset-based and securitised finance, real estate debt, infrastructure debt and insurance-linked securities.
The firm is also continuing to expand its specialist sales operation in Asia, targeting both institutional investors and intermediary channels.
Meng joins from Oaktree, where she was a managing director in the capital formation team, overseeing fundraising across Greater China and Southeast Asia as well as serving as the firm’s Beijing general manager.
She brings more than a decade of experience across private markets and fundraising. Before joining Oaktree in 2018, Meng was a vice-president at placement agent Monument Group, covering Greater China distribution and analysis, and previously worked at Hong Kong-based Emerald Hill Capital Partners, investing across China, Japan and Korea. She began her career as an associate consultant in Bain & Company’s private equity practice.
Schroders Capital said Meng’s credit background will strengthen its client franchise as it expands its private debt and credit alternatives offering across the region.
The appointment comes as global private capital managers increase their fundraising capabilities in Asia, where insurers, family offices and other private wealth investors are becoming increasingly important sources of capital for private credit.
The trend has also prompted a series of senior hires focused on insurance solutions across the region, as managers seek to capitalise on growing allocations from insurers while navigating changes to risk-based capital requirements governing their private market investments.
Schroders agreed this month to be acquired by US asset manager Nuveen, a transaction that would create a group with approximately $2.5tn in assets under management.
