Granite Asia has accomplished the primary shut of its Pan-Asia non-public credit score technique, Libra Hybrid, elevating greater than US$350 million.
The technique, which targets US$500 million in whole commitments, is anchored by Temasek via its non-public credit score platform Aranda Principal Methods, Khazanah Nasional Berhad, and the Indonesia Funding Authority (INA).
It additionally drew capital from international institutional traders and sovereign wealth funds.
Further commitments got here from Granite Asia’s basic companions and the agency’s long-standing community of founders and entrepreneurs.
The fund has deployed and dedicated round 30% of its accessible capital throughout six transactions.
A number of further offers are in progress throughout a diversified pipeline.
This transfer into non-public credit score builds on Granite Asia’s 25-year observe report in know-how funding.
Over that interval, the agency has supported greater than 500 corporations and 63 international IPOs.
The credit score technique focuses on performing credit score alternatives throughout Asia.
It offers structured, non-dilutive capital to worthwhile enterprises pursuing development and enterprise transformation.
“We’re seeing sturdy demand for personal credit score from corporations present process transformative development, redesigning provide chains, increasing into new markets, or modernising via know-how,”
mentioned Ming Eng, Managing Accomplice at Granite Asia, who leads the non-public credit score technique.
“These companies require not simply financing options past conventional fairness or debt, however a trusted accomplice with specialised experience and a deep regional observe report.”
Featured picture credit score: Edited by Fintech Information Singapore, based mostly on picture by smartmalik6384 through Freepik
