SeaTown Holdings International, a subsidiary of Singapore’s state investment firm Temasek Holdings, has successfully raised approximately $180 million from private bank clients of DBS Group Holdings. The funds will be allocated to its third private credit fund, according to industry sources.
This fundraise highlights increased investor interest in private credit opportunities within the region. Private credit funds have gained popularity among institutional and high-net-worth investors seeking alternative asset classes with potential for attractive returns.
Details about the specific investment targets or fund size of SeaTown’s third credit fund were not disclosed. However, the capital raise underscores Temasek’s continued efforts to diversify its investment portfolio via private market strategies.
SeaTown’s focus on private credit aligns with broader trends in alternative investments, as investors look for ways to diversify risk and enhance yield prospects amid changing market conditions. The fund’s success also demonstrates confidence from DBS’s private banking clients in SeaTown’s management and strategy.