Singapore state-owned investment firm Temasek has formed of a wholly-owned private credit platform, according to a media release on December 6.
The platform’s initial portfolio will amount to around S$10 billion ($7.46 billion), consisting of direct investments and credit funds.
According to the release, the portfolio will be managed by a team of around 15 credit investment professionals across offices in New York, London, and Singapore, who have been transferred from Temasek’s credit & hybrid solutions team. The global platform will be led by chief executive officer Nicolas Debetencourt, who has been the head of credit & hybrid solutions at Temasek since 2016.
Temasek has been investing in credit funds for over a decade. In 2016, Temasek assembled a credit & hybrid solutions team to build out its direct and fund investments to seize a broader range of opportunities in the private credit space.
The new platform will be in addition to Seviora Group, Temasek asset management business, which includes SeaTown Holdings International, which offers private credit solutions in Asia.
A spokesperson for Temasek said that at this stage the firm had nothing to add to the media release when FinanceAsia reached out for more information.
The move comes after BlackRock agreed to acquire New York-headquartered global credit investment manager HPS Investment Partners earlier in the month for $12 billion. Private credit has been a fast growing market globally in 2024, with Asia Pacific no exception.
¬ Haymarket Media Limited. All rights reserved.
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