(Reuters) -SeaTown Holdings International, a unit of Temasek’s asset management arm Seviora Holdings, said on Wednesday it raised more than $612 million in the first close of its third private credit fund.
The company said the fund will offer tailored financing to Asia Pacific companies, aiming for mid-teens returns and double-digit yields while ensuring downside protection for investors.
“SeaTown Private Credit Fund III (PCF III) saw commitments from a diverse and global group of investors spanning the Middle East, Japan, Taiwan and Singapore,” the Singapore-headquartered firm said.
SeaTown added that it plans to continue deploying PCF III to capture proprietary opportunities across Asia Pacific, aiming to offer diversified, income-generating assets for investors while navigating varied market cycles.
(Reporting by Roshan Thomas in Bengaluru; Editing by Rashmi Aich)
