With the US$1.2 billion secured for SeaTown Private Credit Fund I, the firm’s private credit strategy now oversees more than US$2.5 billion in assets under management, the statement said.
A unit of Singapore’s state-owned investor Temasek Holdings has raised US$1.3 billion ($1.69 billion) for its second private credit fund, in a sign that Asia’s fledgling direct lending industry remains attractive to investors hungry for yield and asset diversification.
SeaTown Holdings International completed the fundraising for its SeaTown Private Credit Fund II, backed by a group of limited partners including insurers, endowments, and family offices, the alternative investment firm said in a statement. The new fund also received support from an unspecified Middle Eastern institutional investor.
