Granite Asia Secures $250 Million in Anchor Commitments for Debut Private Credit Fund

Granite Asia, which was formerly GGV Capital's Asian operations and is now an investment company with its headquarters in Singapore, has raised over $250 million in anchor commitments for its debut Libra Hybrid Capital Fund, its first close private credit strategy. Backed by leading Asian sovereign wealth funds, general partners, and its 25-year history network of founders and entrepreneurs, the fund seeks to grow to a total size of $500 million. Libra Hybrid Capital will be committed to providing secured, non-dilutive capital to Asia-Pacific mid-market companies, both technology-driven and conventional firms as they grow locally and internationally. With co-founders Ming Eng and Roger Zhang leading the fund, they aim to fill financing gaps for established companies struggling with digitalization, supply chain realignment, and shifting capital flows. Granite Asia's move reflects increasing institutional demand for versatile private credit in Asia's thriving economies.

 

Source: Bloomberg, Business Times, Private Equity Wire