It’s not clear whether the money coming from Temasek and its affiliates would be a fresh allocation to the alternative asset class or capital recycled from SeaTown’s other private credit fund.
SeaTown Holdings, indirectly owned by Temasek Holdings Pte., is planning to raise about US$1.5 billion ($2.0 billion) for its new Asia-focused private credit fund, people familiar with the matter said.
Singapore state investment firm Temasek and its affiliates plan to commit about US$1 billion for SeaTown’s new private credit fund, launched late last year. An additional US$500 million would be raised from external sources, the people said, requesting not to be named because the matter is private.
