Singapore-based alternative investment firm SeaTown Holdings International on Tuesday said it has raised more than $1.3 billion for its second private credit fund from limited partners including insurance companies and family offices.
SeaTown, a unit of state-owned investor Temasek’s asset management arm Seviora, said the total commitment size of the new fund surpassed the $1.2 billion secured for its first iteration.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
The firm added that one of the investors in the fund included a leading Middle Eastern institutional investor, without disclosing any further details of the investors.
It said that it will provide financing solutions, including providing credit, to firms in the Asia-Pacific region, while targeting net returns in mid-teens percentage and double-digit distribution yield for investors over the fund’s life.
Source: Reuters
Can’t stop reading? Read more
NIIF targets $2bn for private credit fund amid India’s growing infrastructure boom
NIIF targets $2bn for private credit fund amid India’s growing infrastructure boom India’s...
New York Giants consider selling 10% stake, attracting private equity interest
New York Giants consider selling 10% stake, attracting private equity interest The New York Giants...
Update: Italy pauses CVC and Iliad’s plans for Telecom Italia stake
Update: Italy pauses CVC and Iliad’s plans for Telecom Italia stake The Italian government has put...