Granite Asia raises US$350 million for fund backed by Temasek, Khazanah, INA

The Punchline

Granite Asia has successfully raised US$350 million for its fund, which is supported by notable investors including Temasek, Khazanah, and INA. This fundraising effort aligns with the significant growth predicted for Asia’s private credit market, expected to reach US$92 billion by 2027.

Why You Should Read This

This article highlights a significant capital raise in the growing private credit space, shedding light on investor confidence and market trends.

Who This Is For

This article is relevant for institutional investors, private equity professionals, fund managers, and credit analysts who are focused on private credit markets.

Investor Implications

The successful capital raise by Granite Asia indicates robust investor interest in private credit, suggesting potential opportunities in this asset class. Given the projected market growth, investors may need to reassess allocation strategies towards private credit to capitalize on emerging opportunities.