Temasek's SeaTown snags $1.17b at second close of third private credit fund

Temasek-backed SeaTown Holdings has secured about US$900 million (S$1.17 billion) in commitments for its Private Credit Fund III (PCF III) at its second close, after raising US$612 million at its first close in August, the Singapore-based investment manager said on

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The fund continues to attract demand from investors in the Middle East, Japan, Taiwan and Singapore, and is "progressing in line with our internal expectations", Mr Eddie Ong, SeaTown's deputy chief investment officer and head of private investments, told Reuters.

"We remain confident in achieving our fundraising milestones going into the final close," he added.