– SeaTown Holdings International (“SeaTown”), a leading Asia-focused alternative investment firm and wholly-owned subsidiary of Temasek’s asset management group Seviora Holdings, announced the first close of the SeaTown Private Credit Fund III (“PCF III”) with over US$612 million in capital commitments.
– PCF III builds on the successful deployments of PCF I and PCF II, reflecting growing investor demand for Asia Pacific’s private credit opportunities.
– Chi Kit Chai, Chief Investment Officer of SeaTown, highlighted the role of private credit in providing income-generating assets with built-in downside protection and emphasized Asia Pacific’s attractive landscape for performing credit.
– PCF III’s first closing attracted both new and returning investors, demonstrating strong confidence in SeaTown’s ability to source, structure, and execute complex deals across APAC.
– The fund secured commitments from a diverse and global investor base, including participants from the Middle East, Japan, Taiwan, and Singapore.
– Eddie Ong, Deputy CIO and Head of Private Investments, noted that SeaTown’s private credit strategy leverages proprietary transaction sourcing and bespoke structuring to deliver differentiated, income-generating opportunities across APAC.
– PCF III is designed for income-oriented investors, using a disciplined, hands-on approach to capture proprietary performing credit opportunities while providing tailored financing solutions.
– The fund offers a sector-agnostic strategy aiming for mid-teens net returns and double-digit distribution yields, serving as a building block for multi-asset portfolios seeking income, diversification, and downside protection.
– Clifford Chance serves as the lead fund counsel for PCF III.
