SC Lowy has held the final close of its Strategic Investments IV fund, raising $417.4m for its Asia-Pacific direct lending strategy, according to a report by Alternative Credit Investor. The close brings the firm close to $1bn deployed in private credit across the region.
The $1.5bn manager focuses on primary direct lending to companies and projects with limited access to traditional financing. Since the fund’s initial close in December 2023, SI IV has deployed more than $300m, drawing over 60% of committed capital.
SC Lowy also reported further backing for its South Korea private credit strategy, with a new commitment from a wholly owned subsidiary of the Abu Dhabi Investment Authority. The strategy targets real estate-linked investments, and was launched in 2024.
