Navis Capital Raises $135 Million For First Private Credit Fund

Navis Capital Partners has raised over $135 million for its first private credit fund after an initial round of investor commitments, according to a letter to investors seen by Bloomberg News.

The Navis Asia Credit Fund, which will focus on private credit in Southeast Asia, got demand from existing investors in Navis Capital’s other funds as well as new limited partners from the US, Europe and Asia, the letter said.

The new fund has team members based in Indonesia, Malaysia, Singapore and Thailand, the letter said. The fund has already identified the first two investments, which it said were “bilaterally ...