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FUNDRAISING NEWS | October 07, 2024
Tags: Private Credit, Private Equity
SeaTown Holdings International and Azalea Investment Management, both units of Singapore-based sovereign wealth fund Temasek, announced the final closing on a trio of private market funds, raising a combined total of $1.78B.
SeaTown Private Credit Fund II closed at over $1.3B, surpassing its predecessor’s $1.2B in capital commitments, SeaTown Holdings said in a press release. Similar to the first fund, Fund II seeks to provide credit opportunities to multi-asset portfolios in the Asia Pacific region.
Azalea’s Altrium Co-Invest Fund I and Altrium Growth Fund I raised $268M and $212M, respectively, both exceeding their target size of $200M each, the firm reported in a separate news release. The strategies intend to add on to Azalea’s flagship buyout-focused funds, with commitments pooled from diverse investor groups across the Middle East, Southeast, and East Asia regions.
SeaTown said its private credit strategy has crossed to over $2.5B in AUM with the closing of both funds, while Azalea now oversees more than $2B in assets through its Altrium platforms. Both firms are owned by Seviora, the asset management group of Singapore’s sovereign wealth fund Temasek.
View the press releases here:
Written By: Matt Hirst, Editorial Director
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