SeaTown Holdings International, an alternative investment manager under Temasek’s asset management platform Seviora Holdings, has held a first close of over $612m for its third private credit vehicle, SeaTown Private Credit Fund III (PCF III), according to a report by Reuters.
The Singapore-based manager is targeting mid-teens returns and double-digit yields for the strategy, which focuses on providing bespoke financing solutions to corporates across the Asia Pacific region. The fund also emphasises downside protection as a core component of its risk-adjusted return profile.
The first close attracted commitments from a geographically diverse investor base, including institutions from the Middle East, Japan, Taiwan, and Singapore.
SeaTown plans to continue deploying capital across a range of proprietary private credit opportunities in Asia Pacific, with a focus on generating stable, income-producing assets, and navigating varying market environments through differentiated deal sourcing and structuring.
