Singapore-based alternative investment firm SeaTown Holdings International has successfully closed its second private credit fund with over $1.3bn in capital commitments from a range of LPs, including insurance companies and family offices.
SeaTown, a subsidiary of Temasek’s asset management arm Seviora, surpassed the $1.2bn raised for its first private credit fund with this new round. While the firm has not disclosed specific details about its investors, it did reveal that a prominent Middle Eastern institutional investor is among the contributors.
The new fund will focus on providing financing solutions, including credit, to companies within the Asia-Pacific region. SeaTown aims to deliver net returns in the mid-teens and a double-digit distribution yield over the fund’s lifespan, offering attractive returns for its investors.
