SeaTown closes private credit fund with US$1.3b

The fund was launched at the end of 2022.

SeaTown Holdings International (SeaTown) has announced the final close of the SeaTown Private Credit Fund II (PCF II) with over $1.7b (US$1.3b) in capital commitments.

PCF II saw interest from a diverse group of new limited partners, including insurance companies, endowments, and family offices. It also secured a commitment from a leading Middle Eastern institutional investor.

The PCF II was launched at the end of 2022, following the successful deployment of PCF I. With the final close of PCF II, SeaTown’s private credit strategy now oversees more than $3.25b (US$2.5b) in assets under management across both funds.

Clifford Chance is the main fund counsel for PCF II.

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