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SeaTown Holdings International Pte. Ltd.
(A member of Seviora Group)
3 Fraser Street #06-23 DUO Tower
Singapore 189352
T +65 6622 9022
F +65 6820 6808
© Copyright SeaTown Holdings International 2025.
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 Holdings International (“SeaTown”) announced today its investment via SeaTown Private Capital Master Fund (“SeaTown PCap Fund”) in AddVita, a Singapore-headquartered healthcare and life sciences distribution company. With a capital commitment of up to SGD 115 million from SeaTown PCap Fund, this investment positions AddVita as an enduring home for small and medium-sized healthcare and life sciences distribution businesses across Asia, providing them with a strong foundation and network to accelerate their growth.
At the core of AddVita’s vision is a commitment to becoming Asia’s most trusted and impactful healthcare and life sciences distribution network. By building a strong ecosystem of empowered small and medium-sized businesses, AddVita aspires to create a healthier future and transform healthcare accessibility and quality through a steadfast focus on innovation and collaboration.
AddVita will look to acquire market-leading niche businesses in Asia, specialising in distributing high-quality medical, laboratory and pharmaceutical products and services. Backed by SeaTown PCap Fund’s capital support and strategic guidance, AddVita will continue to grow by executing a “Buy-and-Build” strategy centred on its long-term vision. Through these targeted investments and strategic partnerships, AddVita will establish a platform of high-quality products and services that improve access to and quality of healthcare across Asia.
SeaTown PCap Fund’s investment reflects its confidence in AddVita’s vision and aligns with SeaTown’s long-term private equity strategy, which focuses on a buy-and-build approach emphasising scalable growth and value creation. With over a decade of private equity experience in Asia and more than USD 400 million committed into buy-and-build investment opportunities, SeaTown is well-positioned to support AddVita’s growth.
Dickson Loo, Managing Director of Private Equity at SeaTown, said, “We are excited to support AddVita in its mission to empower small and medium-sized businesses, enhancing healthcare access and quality across Asia. The healthcare distribution sector is resilient, with robust secular growth tailwinds. Our high-quality partners have also demonstrated the ability to generate strong cash flow and sustainable earnings growth. With SeaTown’s partnership, we are confident that AddVita will emerge as a leader in the region’s healthcare distribution sector, unlocking significant value creation opportunities.”
AddVita invites like-minded businesses to become part of its ecosystem and vision to be Asia’s most trusted and impactful healthcare distribution network, improving healthcare access and quality across the region.
Read more in the attached Press Release.
Skyform, a company established in 2024, offering a broad suite of cutting-edge enterprise technology services, was officially launched today by SeaTown Holdings International (“SeaTown”), in partnership with seasoned technology investor and entrepreneur Yuan En Lim (“Yuan En”).
Headquartered in Singapore, Skyform focuses on enterprise technology consulting, implementation, and development services. Backed by a capital commitment of up to SGD100 million from SeaTown Private Capital Master Fund (“PCap”) and Yuan En, Skyform will target key Asia-Pacific (“APAC”) markets, offering strategic services across third-party application software, custom software and data solutions. Skyform will continue to pursue inorganic growth, acquiring and scaling enterprise technology services companies in the region.
SeaTown’s private equity strategy centres on buy-and-build companies, delivering scalable growth and value creation. SeaTown’s private equity experience in APAC spans over a decade, with PCap having committed and deployed over USD300 million into six APAC-based companies including Foundation Healthcare Holdings, a Singapore-based private specialist healthcare group; YYC Holdings, a Malaysian professional services firm; and Linnovate Partners, a leader in asset servicing and fintech for the alternative investment industry. The establishment of Skyform aligns with SeaTown’s strategy of targeting industries with attractive financial profiles and resilient growth.
Founder and CEO of Skyform, Yuan En brings 16 years of regional experience investing in and growing platforms such as Straive, Everise and Everlife. He most recently co-led Southeast Asia direct buyouts at private markets investor, Partners Group. Under his leadership, Skyform aims to create a best-in-class digital transformation partner for large and medium enterprises in APAC.
Dickson Loo, Managing Director of SeaTown, said, “Skyform’s vision to build a scalable, multi-market company across key Asia-Pacific markets aligns closely with SeaTown’s strategy and approach to value creation. We are excited to partner with Yuan En to realise our shared vision and work collaboratively to capitalise on the secular trend of digital transformation across the region. Leveraging our deep market access and extensive talent network, we are confident that we can play a big part in supporting Skyform’s growth.”
Yuan En said, “Skyform addresses a market gap in the region for a trusted top-tier technology partner to emerging large and medium enterprises. While there are today several high-quality boutique providers, we aim to build a scaled, multi-market platform with deep domain expertise. Our focus will be on bringing to market a differentiated customer proposition and sustained delivery excellence. I’m thrilled to have the SeaTown team’s support and value creation DNA as indispensable pillars for this partnership.”
Read more in the attached Press Release.
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 final close of the SeaTown Private Credit Fund II (“PCF II”) with over US$1.3 billion in capital commitments. The total commitment size of the second fund surpasses the US$1.2 billion secured for SeaTown Private Credit Fund I (“PCF I”), further adding to the firm’s growth momentum for its private credit strategy.
“We are immensely thankful for the support we have witnessed following the launch of PCF II,” said Patrick Pang, CEO, SeaTown. “This milestone highlights not only the growing appetite for Asian private credit in institutional portfolios around the world but also reflects the confidence and trust in SeaTown’s approach. Our private credit team has demonstrated a clear ability to repeatedly source, structure, and execute complex and bespoke deals across industries. We are excited to continue executing on our proven investment strategy to deliver attractive risk-adjusted returns to our investors.”
Read more in the attached Press Release.
SeaTown believes that successful management of sustainability issues is essential to durable long-term returns. As a supporter of TCFD, a signatory of UN PRI and a member of the IFRS Sustainability Alliance, SeaTown is committed to transparency and has launched its first full-fledged Sustainability Report.
Our inaugural report sets out SeaTown’s approach to responsible investing 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.
This report is a culmination of our firmwide, multi-year effort to integrate sustainability across our business.
For our efforts, we have achieved Principles of Responsible Investment (PRI) scores of 4-5 stars across our funds and firm processes. We have also been one of the few Asian organizations to be invited on the PRI in Person Signatory Advisory Committee for the past two years.
Along with our peers and stakeholders, we will work together towards a more sustainable future. SeaTown is also a member of the Asia Investor Group on Climate Change (AIGCC).
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/
Investor Contact
Kayla Wah, SeaTown
Media Contact
Kainoa Blaisdell, FTI Consulting
The SeaTown team came together to participate in the One Million Trees movement by National Parks Board (NParks). We spent the morning planting trees at Pulau Ubin – one of the 12 designated sites for the movement.
The One Million Trees movement is an initiative by NParks to plant one million more trees across Singapore with the community by #2030. This is part of their efforts to transform Singapore into a City in Nature, which is a key pillar under the Singapore Green Plan 2030.
To date, NParks has planted >600,000 trees across Singapore. To learn more about the movement, click here About the Movement (nparks.gov.sg).
We are proud to have played an active role in the greening of Singapore, under the Plant-A-Tree fundraiser programme, to which we donated to the costs of young trees and planted them ourselves. We look forward to more opportunities to contribute to this meaningful cause.
Congratulations to SeaTown SkyRacers for coming in 3rd place for the Community Chest Singapore Vertical Marathon, held over the weekend. Organized by National Council of Social Service (NCSS), all proceeds go to support over 100 social service agencies to meet underserved and critical social needs.
The team has trained hard over the last 2 months to climb 57 storeys. Scaling heights is no easy feat but their determination and perseverance certainly paid off!
SeaTown Private Capital Master Fund, the private equity fund managed by SeaTown Holdings International Pte. Ltd. (“SeaTown”), is pleased to announce its investment into Foundation Healthcare Holdings Pte Ltd (“FHH”).
FHH is a ground-up, purpose-built healthcare group starting first in Singapore and will form the nucleus for a new regional private healthcare platform. The vision of this technology-enabled healthcare group is to deliver value-based healthcare by making private healthcare accessible, affordable, and accountable.
With more than 50 specialists spanning 13 medical specialty and an estimated pro-forma revenue of over S$130m, FHH is already one of the largest private healthcare groups in Singapore. FHH will continue to pursue its “buy-and-build” strategy to expand its network, geographical footprint as well as extend into other synergistic ancillary healthcare services. FHH will also leverage technology from Smarter Health Pte Ltd (“SH”), to develop a data-driven technology platform designed to improve coordination between key stakeholders, especially insurers and other third-party payors. This will vastly enhance the patient experience and reduce waste.
The FHH management team will be helmed by Mr Liaw Yit Ming and Dr Lee Hong Huei, former senior executives in IHH Healthcare (SGX: Q0F) and veterans in the healthcare industry.
“I believe we have taken an important first step in establishing a new foundation for private healthcare. There are endless opportunities if stakeholders work together to focus on delivering value for patients. Our vision is to leverage this platform to build a sustainable private healthcare system that is accessible, affordable, and accountable. I am personally humbled and extremely grateful that our simple vision has received not just the trust and support of SeaTown but more importantly, our founding group of doctors!” said Liaw Yit Ming, CEO, FHH.
“FHH’s vision to make healthcare accessible, affordable and accountable resonates strongly with us. We are very pleased to be able to partner with such an exceptional founding team and group of dedicated specialist doctors to achieve this goal. The good traction we have had and the continued interest in FHH is testament that this vision is shared by many practitioners in the industry. We look forward to partnering with them to drive innovation and improve healthcare outcomes for patients in Singapore and beyond” said Dickson Loo, Managing Director, SeaTown.
About Foundation Healthcare Holdings Pte. Ltd. (“FHH”)
FHH is a ground-up, purpose-built, technology-enabled healthcare platform headquartered in Singapore with its sights set on the region. The vision is to design, build and operate a healthcare platform focused on creating value for patients by collaborating with all stakeholders in the healthcare ecosystem.
About Smarter Health Pte Ltd (“SH”)
SH provides a trusted infrastructure for data exchange between key stakeholders of the healthcare ecosystem. Our “Simplify, Standardise and Systemise” approach supports the delivery and payment for healthcare services in an efficient and effective manner. The SH team consists of experienced senior executives from established healthcare and insurance institutions in Asia who believe that healthcare should be accessible, affordable and accountable.
About SeaTown Holdings International Pte. Ltd. (“SeaTown”)
SeaTown is a Singapore-based investment manager focused on alternative, absolute return strategies. SeaTown manages multi-asset and public equity strategies through open-end funds as well as private investments strategies in closed-end funds. SeaTown also offers investment solutions calibrated to clients’ unique investment needs and objectives. SeaTown is a wholly owned subsidiary of Seviora Holdings Pte. Ltd. and indirectly owned by Temasek Holdings (Private) Limited.