SeaTown closes first third-party fund

 

Private Debt Investor, 22 November 2021:

SeaTown closes first third-party fund

By Andy Thomson

SeaTown Holdings International, an indirect wholly owned subsidiary of Singapore-based global investment company Temasek Holdings, has closed a private credit fund on $1.23 billion.

A spokesman for the firm said most of the commitments had come from Asia-Pacific-based investors. He added that some which didn’t commit were interested in coming into the next fund but wanted a longer feed-in time and to understand more about the proposition.

This fund is the first by SeaTown to have sought third-party capital, having primarily managed internal capital previously. Having set out to raise $200 million from limited partners, SeaTown ended up raising around $230 million from them over a six-month period. The fund…To continue reading, click here