Granite Asia secures $250m in backing for Libra credit fund

The commitments were made ahead of the fund’s official launch and include backing from Asian sovereign wealth funds.

Granite Asia has announced it has secured more than US$250m in anchor commitments for its new private credit strategy, the Libra Hybrid Capital Fund.

The commitments were made ahead of the fund’s official launch and include backing from Asian sovereign wealth funds, the firm’s general partners, and its extended network of founders and entrepreneurs.

The fund is part of Granite Asia’s multi-asset platform and is structured to provide secured loans to mid-market companies across the Asia-Pacific region.

It aims to offer non-dilutive debt capital to businesses seeking funding for expansion, particularly those undergoing digital transformation or pursuing growth through acquisition.

According to Granite Asia, the fund is designed to meet growing demand for alternative financing options in Asia, especially from companies that fall outside traditional equity investment profiles.

The firm highlighted increased interest from institutional investors and ongoing regional capital reallocation trends as supporting factors for the fund’s development.

The Libra Hybrid Capital Fund will focus on generating stable returns through a defensive risk profile and aims to support portfolio companies through both financing and operational engagement.