SeaTown Holdings International, an alternative investment firm focused on Asia, recently announced a significant development in its investment portfolio. As a wholly-owned subsidiary of Temasek’s asset management group, Seviora Holdings, SeaTown has reached the first closing of the SeaTown Private Credit Fund III (PCF III), achieving over US$612 million in capital commitments.
This milestone is not only a testament to SeaTown’s sustained growth in the private credit sector but also highlights the firm’s ability to respond effectively to the increasing demand for private credit opportunities across the Asia Pacific region. The success of the previous funds, PCF I and PCF II, laid a solid foundation for PCF III, enabling SeaTown to build on its experiences and continue to innovate in sourcing and managing investments.
The inaugural closing of PCF III drew enthusiastic interest from both new and returning investors. This is a clear indication of the strong confidence that stakeholders have in SeaTown’s proven track record. The firm has demonstrated its ability to identify, structure, and execute complex deals across the diverse and dynamic Asia Pacific market landscape.
Furthermore, the successful closing of this fund reflects SeaTown’s unwavering commitment to nurturing long-lasting relationships with its investors, both regionally and globally. It is particularly noteworthy that the fund has attracted contributions from an increasingly diverse group of investors, spanning regions such as the Middle East, Japan, Taiwan, and Singapore. This diverse commitment underscores the global appeal of SeaTown’s investment strategies and its reputation as a reliable partner in the private credit space.
KEY QUOTES:
“We are thankful for the continued trust of our investors. 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.”
Chi Kit Chai, Chief Investment Officer, SeaTown
“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.”
Eddie Ong, Deputy CIO and Head of Private Investments, SeaTown
