Singapore $6 Billion Investment Manager Granite Asia Raised $350 Million in First Close for $500 Million Pan-Asia Private Credit Fund (Libra Hybrid), Anchored by Temasek, Aranda Principal Strategies, Khazanah Nasional & Indonesia Investment Authority (INA)
10th December | Hong Kong
Singapore investment manager Granite Asia ($6 billion AUM) has raised $350 million in first close for Granite Asia $500 million Pan-Asia private credit fund (Libra Hybrid), anchored by Temasek, Aranda Principal Strategies, Khazanah Nasional & Indonesia Investment Authority (INA). Announcement (9/12/25): “Granite Asia has completed the first close of its Pan-Asia private credit strategy, Libra Hybrid, securing over USD 350 million. Anchored by Temasek—through its private credit platform, Aranda Principal Strategies, Khazanah Nasional Berhad, and the Indonesia Investment Authority (INA), the strategy, which targets USD 500 million in total commitments, drew capital from a diverse base of global institutional investors, sovereign wealth funds, Granite Asia’s general partners, and our 25-year network of founders and entrepreneurs. The fund has already deployed and committed approximately 30 percent of its available capital across six transactions, with several additional deals in execution across a diversified pipeline. This expansion into private credit extends Granite Asia’s 25-year track record in tech investing, which includes supporting over 500 companies with 63 IPOs globally. Its credit strategy focuses on performing credit opportunities across Asia, delivering structured, non-dilutive capital to profitable enterprises driving growth and business transformation … … The firm’s credit team has doubled in size this year, with Managing Partner Ming Eng leading the charge as Granite Asia deepens its footprint and broadens the coverage across the region. Across the platform—now spanning venture, growth, and credit with over $6 billion in AUM—momentum has been strong, driven by increasing deal flow and demand for flexible capital solutions across the region. Drawing on over two decades of backing innovative companies, Granite Asia differentiates its strategy by integrating credit investing with tech expertise and operational value creation. The strategy leverages the firm’s Pan-Asia presence and proprietary sourcing channels — spanning founders, corporates, and regional collaborations with leading financial institutions as well as partners across the broader ecosystem.” Granite Asia – Granite Asia, formerly known as GGV Capital Asia, is Asia’s leading multi-asset investment platform. Headquartered in Singapore, it invests in the APAC region including Southeast Asia, Japan, China, India, and Australia. With assets under management (AUM) totalling $6 billion, the firm boasts investments in 57 companies with valuations exceeding $1 billion and has facilitated 33 IPOs. Its investment thesis prioritizes five long-term themes including Consumer Growth & Transformation, Enterprise Workflow & Supply Chain, Food Systems & Sustainability, Health Innovation & Wellness, and Energy Transition & Automation.
” Singapore $6 Billion Investment Manager Granite Asia Raised $350 Million in First Close for $500 Million Pan-Asia Private Credit Fund (Libra Hybrid), Anchored by Temasek, Aranda Principal Strategies, Khazanah Nasional & Indonesia Investment Authority (INA) “
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Ming Eng, Managing Partner at Granite Asia: “We’re seeing strong demand for private credit from companies undergoing transformative growth — redesigning supply chains, expanding into new markets, or modernizing through technology. These businesses require not just financing solutions beyond traditional equity or debt, but a trusted partner with specialized expertise and a deep regional track record. This dynamic creates a compelling opportunity for our investors: access to Asia’s growth through a capital-preserving credit strategy that delivers stable yields, augmented by structured upside through value-add, such as revenue sharing, designed to pursue equity-like returns without taking on equity-like risk.”
Jenny Lee, Senior Managing Partner at Granite Asia: “Private credit is a natural extension of our platform and reflects the evolving capital needs of the visionary founders and businesses we back. It strengthens our ability to provide comprehensive financing solutions — from equity to credit — built on the same discipline, insight, and long-term partnership that define Granite Asia. It reflects our proven ability to leverage our unique strengths and ecosystem to innovate and unlock value – partnering up with the region’s leading investors to drive growth across Asia.”
Singapore $6 Billion Investment Manager Granite Asia Raised $350 Million in First Close for $500 Million Pan-Asia Private Credit Fund (Libra Hybrid), Anchored by Temasek, Aranda Principal Strategies, Khazanah Nasional & Indonesia Investment Authority (INA)
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