SeaTown Holdings International (“SeaTown”), a leading Asia-focused alternative investment firm and wholly-owned subsidiary of Temasek’s asset management group Seviora Holdings, is pleased to announce the first close of the SeaTown Private Credit Fund III (“PCF III”) with more than US$612 million in capital commitments.
This marks the latest milestone in SeaTown’s growing private credit franchise, building on the successful deployments of PCF I and PCF II to meet rising investor demand for Asia Pacific’s dynamic private credit opportunities.
“We are thankful for the continued trust of our investors,” said Chi Kit Chai, Chief Investment Officer, SeaTown. “As markets evolve, private credit plays an increasingly important role in providing income-generating assets with built-in downside protection. Our private credit strategy’s continued success reflects the strong conviction we share with our investors – that Asia Pacific (“APAC”) offers a uniquely attractive landscape for performing credit. With our strong track record, experienced teams and unparalleled ecosystem access, we are excited to continue capturing compelling private credit opportunities across APAC and helping investors build resilient portfolios that can navigate diverse market cycles.”
PCF III’s first closing drew interest from new and returning investors, highlighting strong investor confidence in SeaTown’s proven ability to repeatedly source, structure and execute complex deals across APAC. It also reflects SeaTown’s commitment to fostering and expanding enduring investor relationships in the region and globally. Notably, the fund secured commitments from an increasingly diverse and global group of investors across the Middle East, Japan, Taiwan and Singapore.
Eddie Ong, Deputy CIO and Head of Private Investments, SeaTown, remarked “What sets our private credit strategy apart is how we provide value for our investors, leveraging the team’s deep capabilities in sourcing proprietary transactions and structuring bespoke solutions across the region. With PCF III, we look forward to continuing to provide investors access to differentiated, income-generating opportunities across Asia Pacific, seeking to deliver consistent, risk-adjusted returns.”
Read more in the attached Press Release.
SeaTown believes that sustainability issues—such as geopolitics, climate change and cybersecurity—are central to creating value, managing risk and building resilience. Understanding how these factors shape financial outcomes is essential to durable long-term returns.
As a signatory of UN PRI, a member of the IFRS Sustainability Alliance and the Asia Investor Group on Climate Change (AIGCC), SeaTown is committed to transparency and has launched our 2025 Sustainability Report. Along with our peers and stakeholders, we will work together towards a more sustainable future.
Our Sustainability Report 2025 sets out SeaTown’s approach to responsible investment and our uncompromising stance on robust governance and business ethics. We believe that it is our responsibility to exercise thoughtful stewardship to safeguard the long-term value of our investments.
SeaTown has been named the ‘Best Private Debt Manager’ for the AsianInvestor Asset Management Awards 2024
Singapore, 1 April 2024 – Leading Asia-focused alternative investment firm SeaTown Holdings International (“SeaTown”), a wholly-owned subsidiary of Temasek’s asset management group Seviora Holdings, is proud to announce that it has been awarded the prestigious title of ‘Best Private Debt Manager’ by a panel of industry practitioners and professionals for the AsianInvestor Asset Management Awards 2024.
The annual award series has recognised the investment industry’s outstanding performers for over two decades. This year saw the highest volume of entries since 2018, reflecting intense competition among leading fund managers, as well as the exceptional quality and proven track record of SeaTown’s private credit offering. Winners were selected based on a range of quantitative and qualitative factors, including performance, business growth, investment approach, portfolio management, fundraising success and more.
“We are honoured to receive this award, and we extend our deepest appreciation to our clients for their continued support over the years,” said Patrick Pang, CEO. “This accolade is a clear testament to the experience and dedication of our private credit investment team and our ability to deliver compelling investment solutions that fulfil the dynamic needs of international investors today.”
SeaTown’s private credit strategy focuses on providing highly tailored financing solutions to companies in Asia. This Asia-focused strategy has demonstrated its ability to source, structure, and execute complex and bespoke deals across sectors critical to regional economies. Following the closing and successful deployment of SeaTown Private Credit Fund I, the firm launched SeaTown Private Credit Fund II at the end of 2022.
Learn more about the Asset Management Awards 2024 here.
About SeaTown
Founded and headquartered in Singapore since 2009, SeaTown is a leading Asia-focused alternative investment firm with deep expertise across private and public markets. Owned by Seviora Holdings, Temasek’s asset management group, we are a trusted steward of capital, investing alongside our investors in conviction-driven strategies.
Our alternative investment fund platform offers international investors exposure to highly specialised private equity, private credit, and thematic absolute return public markets opportunities in the region. As your partner, we strive to deliver compelling risk-adjusted returns by leveraging our extensive relationship network, decades of investing experience and astute global perspectives.
For more information on SeaTown, please visit: https://www.seatowninternational.com/
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