$7.5 B wholly-owned private credit platform established by Singapore’s Temasek
Temasek, the state investor in Singapore, announced the establishment of a fully-owned private credit platform with an initial investment of roughly S$10 billion ($7.47 billion).
According to a statement from Temasek, credit funds and direct investments will make up the platform’s initial portfolio.
A team of about 15 seasoned credit investment professionals, transferred from Temasek’s Credit & Hybrid Solutions team, will oversee this portfolio from offices in Singapore, London, and New York.
Chief Executive Officer Nicolas Debetencourt, who has been Temasek’s Head of Credit and Hybrid Solutions since 2016, will oversee the platform.
The statement claims that Temasek has more than ten years of experience investing in credit funds.
To expand its direct and fund investments and take advantage of more opportunities in the private credit market, the company put together a team in 2016 that focused on credit and hybrid solutions.
Temasek has established a specialized platform to improve its capacity to scale its credit and hybrid solutions portfolio and seize international private credit opportunities as it continues to build a robust and forward-thinking portfolio.
Additionally, SeaTown Holdings International, a Temasek asset management company, provides private credit solutions in Asia as part of the Seviora Group.
