Great Eastern Commits $100M to Granite Asia's Private Credit Fund
Great Eastern Holdings, a Singapore-based insurer, has committed $100 million to Granite Asia’s Libra Hybrid private credit strategy. This move aligns with the growing interest in private credit across institutional investors and follows significant backing from entities such as DBS Private Bank, Temasek (via Aranda Principal Strategies), Khazanah Nasional Berhad, and the Indonesia Investment Authority. Granite Asia's Libra Hybrid has raised over $500 million since its launch in 2025. The strategy focuses on structured financing for companies undergoing transformational growth or modernization through technology. It has already closed eight deals and generated two exits with investor distributions, leveraging the firm’s extensive experience across more than 500 investments. The broader private capital market in Asia-Pacific is showing signs of recovery amid improved liquidity despite ongoing geopolitical tensions and inflationary pressures.
Topics: funding Granite Asia Great Eastern Holdings private credit