Temasek’s SeaTown to Raise $1.5 Billion for Private Credit Fund

SeaTown Holdings, indirectly owned by Temasek Holdings Pte., is planning to raise about $1.5 billion for its new Asia-focused private credit fund, people familiar with the matter said.

Singapore state investment firm Temasek and its affiliates plan to commit about $1 billion for SeaTown’s new private credit fund, launched late last year. An additional $500 million would be raised from external sources, the people said, requesting not to be named because the matter is private.

It’s not clear whether the money coming from Temasek and its affiliates would be a fresh allocation to the alternative asset class or ...