Granite Asia Gets $250 Million for First Close of Private Fund

Granite Asia Gets $250 Million for First Close of Private Fund

Singapore-based Granite Asia, the re-branded Asian business of venture capital firm GGV Capital, has secured over $250 million in anchor commitments for the first close of its private credit strategy.

Granite Asia's private credit fund secures £250m ahead of launch

Granite Asia has secured $250m (£188m) for its new private credit fund ahead of its official launch. The initial funding for the new private credit strategy, the Libra Hybrid Capital Fund, includes backing from top Asian sovereign wealth funds, as well as capital from Granite Asia’s general partners and its 25-year network of founders and […] The post Granite Asia’s private credit fund secures £250m ahead of launch appeared first on Alternative …

Granite Asia closes $250m debut private credit fund

Granite Asia, the recently rebranded Asian arm of GGV Capital, has secured over $250m in anchor capital for the first close of its inaugural private credit vehicle, Libra Hybrid Capital Fund, according to a report by Reuters. According to a company statement, the initial close was backed by leading sovereign wealth funds in Asia, alongside commitments from the firm’s general partners and a network of founders and entrepreneurs cultivated over th…

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Singapore's Granite Asia announces $250M first anchor close of private credit strategy

Singapore’s venture capital firm Granite Asia has secured over $250 million in anchor commitments for its private credit strategy, Libra Hybrid Capital Fund, ahead of the official fund launch. The initial commitments include backing from top Asian sovereign wealth funds, as well as capital from Granite Asia’s general partners and its 25-year network of founders and entrepreneurs, Granite Asia said in a statement on Thursday. This swift anchor cl…

Syfe Expands U.S. Private Credit Offerings Through Tie-Up with BlackRock - Fintech Singapore

Digital wealth platform Syfe announced a collaboration with asset manager BlackRock to provide accredited investors in Singapore access to the latter’s private credit strategy. Through this arrangement, Syfe clients can access BlackRock’s U.S. middle market direct lending strategy, which is part of a credit platform that managed over US$63 billion in assets globally as of 31 December 2024. For a limited period, BlackRock will offer marketing exc…