9Basil Group announces acquisition of AlteriQ

By Gloria Mathias

9Basil Group (9Basil), an alternative investment firm, has announced its acquisition of AlteriQ Global (AlteriQ), a boutique Asia-Pacific private credit platform.

As part of the transaction, 9Basil Group will bolster AlteriQ’s investment in dry powder with a $50 million capital commitment. The deal significantly enhances 9Basil Group’s investment capabilities by adding AlteriQ’s specialised private credit strategies and expanding its range of capital solutions for enterprises in the Asia Pacific.

Established in 2020, AlteriQ provides tailored debt financing solutions for small to midsized enterprises across the Asia Pacific. The acquisition establishes 9Basil Group’s foothold in the private credit market at an opportune time as traditional sources of financing pull back lending amid tighter regulatory requirements and volatile capital markets.

“Private credit represents an underserved yet compelling asset class that complements our group,” said Schwin Chiaravanont, Co-founder of 9Basil Group. “Integrating AlteriQ’s specialised capabilities enables us to better meet companies’ financing needs through expanded debt and equity offerings.” 9Basil Group co-founders Schwin Chiaravanont and Kris Panijpan will join the Board of Directors of AlteriQ.

Following the acquisition, AlteriQ will advance its upward trajectory under the continued leadership of Zhi Yong and Kenneth. This strategic move will see 9Basil Group leverage its network and resources to support AlteriQ and underscore both teams’ commitment to collaborative solutions. AlteriQ will closely collaborate with 9Basil Group on joint initiatives, emphasising the group’s commitment to synergy and shared success.

“Joining 9Basil Group unlocks opportunities to scale our tailored financing across APAC,” said Zhi Yong. “Our shared values and synergies position us well to drive sustainable value creation for our clients.”

The deal marks the first of many milestones for 9Basil Group in 2024. With bolstered capabilities, 9Basil is well-positioned to fill critical financing gaps for growth companies regionwide, upholding its commitment to foster innovation and business growth.