Granite Asia raises US$350 mil for fund backed by Temasek, Khazanah, Indonesia Investment Authority

The Punchline

Granite Asia, a Singapore-based investment firm, has successfully raised over US$350 million for its Pan-Asia private credit fund. This fund is notable for being backed by prominent Southeast Asian state investors including Temasek, Khazanah Nasional, and the Indonesia Investment Authority.

Why You Should Read This

The article highlights significant fundraising achievements in the private credit space, showcasing key institutional investors that may influence future investment trends.

Who This Is For

This article is targeted towards institutional investors, fund managers, and investment professionals interested in private credit and Asian markets.

Investor Implications

The successful closing of this fund indicates strong confidence in private credit investments across Southeast Asia, potentially leading to increased allocations to similar funds by institutional investors seeking higher returns in the region. The backing from established state investors underscores the fund's credibility and long-term potential.