Granite Asia secures over $350M first close led by Temasek, Khazanah, and Indonesia Investment Authority – TNGlobal

The Punchline

Granite Asia, a Singapore-based investment firm, has successfully closed over $350 million for its Pan-Asia private credit strategy known as Libra Hybrid. This initial funding round was led by prominent institutions including Temasek, Khazanah, and the Indonesia Investment Authority.

Why You Should Read This

This article highlights significant institutional backing for a new investment strategy in private credit, providing insight into market trends and investor confidence.

Who This Is For

This article is aimed at institutional investors, private equity professionals, and fund managers who are interested in private credit and capital market opportunities in Asia.

Investor Implications

The substantial initial capital raise indicates strong interest and confidence in the Asian private credit market, which could lead to increased opportunities for investors in this sector. The involvement of major investors suggests that the Libra Hybrid strategy may serve as a benchmark for future fund developments in the region.