SeaTown launches private credit fund with $612m in first close
The firm targets net returns in the mid-teens and a double-digit distribution yield.
SeaTown Holdings International announced the first close of its third private credit fund, SeaTown Private Credit Fund III (PCF III), with over US$612m in capital commitments.
The company stated the fund attracted a globally diverse group of investors from the Middle East, Japan, Taiwan, and Singapore.
According to SeaTown, PCF III is the latest in its private credit strategy and is designed to offer tailored financing solutions to companies across the Asia Pacific region.
The firm targets net returns in the mid-teens and a double-digit distribution yield, whilst incorporating structured downside protection to appeal to income-oriented investors.
The company noted that both new and returning investors participated in the first close, citing confidence in its ability to source, structure, and execute complex deals in the region.