SeaTown’s fundraising reflects investor appetite for a regional market still seen as nascent and expanding, even as the broader private credit sector shows signs of slowing.
SeaTown Holdings International, a unit of Singapore’s state-owned investor Temasek Holdings Pte., has raised over US$612 million ($787.7 million) in initial investor commitments for its third private credit fund, targeting deal opportunities across Asia.
New and returning investors in the Middle East, Japan, Taiwan and Singapore have committed to the fund’s first close, according to a statement. SeaTown Private Credit Fund III will focus on lending to companies across sectors in Asia Pacific, “targeting a net return in the mid-teens and a double-digit distribution yield to investors,” it said.
