SEA Deal Ticker
Three sovereign funds want the same borrower: Granite Asia's private-credit fund clears $500M
Temasek, Khazanah and the Indonesia Investment Authority anchored Libra Hybrid, which passed its $500M target after a $350M first close in December. Eight deals done, two already exited.
Positive-sum angle: Mid-market founders who could never clear a bank's collateral test now have a lender that prices growth instead of the assets they happen to own.