SeaTown Holdings has closed its third private credit fund with $612m (£454m) commitments from investors worldwide.
The firm said it has attracted capital from investors across the Middle East, Japan, Taiwan and Singapore.
Read more: BlackRock pauses fundraising for Asian private credit fund – reports
The first close of its latest private credit fund comes after it secured $1.3bn commitments for Fund II, and $1.2bn for private credit fund I.
The third private credit fund will provide tailored financing solutions to companies across the Asia Pacific region.
Read more: Bain Capital’s private credit group invests $3bn in H1
“Our private credit strategy’s continued success reflects the strong conviction we share with our investors – that Asia Pacific offers a uniquely attractive landscape for performing credit,” said chief investment officer Chi Kit Chai.
Headquartered in Singapore, SeaTown has over $4bn in assets under management across five open-end and closed-end strategies.
