SeaTown’s Private Credit Fund Hits $900 Million on Wealth Boost

SeaTown Holdings International, a unit of Singapore’s Temasek Holdings Pte., has raised around $180 million from DBS Group Holdings Ltd.’s private bank clients for its third private credit fund, according to people familiar with the matter.

The fresh capital from the wealth channel helped SeaTown reach a second close for its Private Credit Fund III, or PCF III, bringing total commitments to roughly $900 million, the people said, who asked not to be identified discussing private matters. The fund’s first close was at $612 million in August, Bloomberg News reported earlier.