Granite Asia exceeds US$500 million target for pan-Asia private credit fund
DBS Private Bank comes on as investor in latest fundraising round
Granite Asia has surpassed the US$500 million objective for their pan-Asia private credit fund, Libra Hybrid, in a recent fundraising round. In addition to institutional investors, DBS Private Bank and an insurer have joined as new investors. The fund has been backed by anchor investors such as Khazanah Nasional, the Indonesia Investment Authority, and Temasek.
Granite Asia's senior managing partner, Jenny Lee, expressed satisfaction with the additional investors, stating that it enhances the firm's capacity to provide comprehensive financing solutions. Since its inception in 2025, Libra Hybrid has completed eight transactions, executed two exits, and distributed returns to investors. The fund has made investments across various sectors, including advanced manufacturing, consumer, and healthcare, which benefit from Asia's growth drivers and long-term fundamentals.
Granite Asia's managing partner, Ming Eng, highlighted the growing demand for private credit and hybrid capital from companies undertaking transformative growth, supply chain improvements, market expansion, or technological modernization.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
