Temasek's SeaTown Holdings raises over $200m in external LP capital for private credit fund

DealStreetAsia, 20 October 2021 :

Temasek’s SeaTown Holdings raises over $200m in external LP capital for private credit fund

By Kristie Neo

Temasek-backed investment firm SeaTown Holdings has raised an additional $200 million for its private credit fund from Asian institutional investors, marking the first time it has secured capital from external investors.

Singapore state investor Temasek was previously the sole limited partner (LP) in the fund. SeaTown is a subsidiary of Seviora Holdings, a newly-formed entity combining Temasek’s four existing asset management companies – Azalea Investment Management, Fullerton Fund Management Company, InnoVen Capital, and SeaTown Holdings International.

The fundraising from external investors brings the total capital committed for SeaTown’s Asia Pacific-focused private credit fund to over $1.2 billion, according to Eddie Ong, deputy chief investment officer of SeaTown Holdings. The new money came from endowments, fund of funds and family offices in markets like Singapore and Malaysia.

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