Summary: SeaTown Holdings, a Temasek subsidiary, has closed its third private credit fund, raising over US$612 million from investors across the Middle East, Japan, Taiwan, and Singapore. The fund will provide tailored financing for companies in Asia-Pacific, aiming for a mid-teens net return and double-digit distribution yield. Despite recent reports of potential challenges in fundraising, the Asia-Pacific private credit market remains attractive, with SeaTown’s previous funds raising US$1.3 billion and US$1.2 billion respectively.

Link: https://www.businesstimes.com.sg/companies-markets/temaseks-seatown-closes-third-private-credit-fund-after-raising-more-us612-million