CBC Group Secures $500 Mn for R-Bridge Healthcare Fund

The fundraising comes as private credit providers expand globally, with Moody’s forecasting the value of loans and related investments to reach $3 trillion by 2028, doubling from 2023 levels.

CBC Group, Asia’s largest healthcare-focused asset manager, announced on Wednesday that it has raised $500 million for its second R-Bridge Healthcare Fund, establishing the region’s biggest healthcare private credit fund.

The fundraising comes as private credit providers expand globally, with Moody’s forecasting the value of loans and related investments to reach $3 trillion by 2028, doubling from 2023 levels.

Healthcare has become a central segment for private credit, representing approximately 20% of direct lending deals in 2024, according to Prospect Capital, citing PitchBook data. Investors are increasingly targeting non-cyclical sectors such as pharmaceuticals and medical technology for stable returns.

Diversified Investor Base and Fund Strategy

CBC Group, which manages about $11 billion in assets, reported that the fund attracted a broad range of global institutional investors, including sovereign wealth funds, corporate pensions, financial institutions, and family offices.

The Singapore-based firm stated that the fund will provide royalty and revenue-backed financing to healthcare companies across Asia and Europe. CBC Group originally launched its private credit and drug royalty strategy in 2020.

A spokesperson for CBC Group said, “The second R-Bridge Healthcare Fund is designed to support healthcare companies with flexible financing solutions while offering investors access to stable, revenue-backed returns in a resilient sector.”

Healthcare Driving Private Credit Growth

Analysts note that the healthcare sector’s steady demand and predictable revenue streams are increasingly attractive for private credit investors. Prospect Capital’s data shows that nearly one in five direct lending deals in 2024 involved healthcare companies, highlighting the sector’s growing influence in non-cyclical investment strategies.

CBC Group’s fund demonstrates the ongoing trend of institutional investors seeking opportunities in specialized healthcare financing, reflecting broader shifts in the private credit landscape globally.

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