Granite Asia Gets $250 Million Anchor Commitments To Bankroll Private Credit Fund
By: bitcoin ethereum news|2025/05/08 13:15:01
0
Share
Jenny Lee, Granite Asia senior managing partner. Singapore-based venture capital firm Granite Asia has raised over $250 million in anchor commitments from top Asian sovereign wealth funds to bankroll its private credit strategy. Besides the fresh capital from Asian sovereign wealth funds, the initial funding commitments for the Libra Hybrid Capital Fund also came from Granite Asia’s existing general partners and its network of founders and entrepreneurs, the company said in a statement. The fund is targeting to raise as much as $500 million. The fund will focus on providing secured loans with a defensive risk profile across the Asia Pacific. “We’re seeing strong demand for flexible, non-dilutive capital from well-run businesses looking to scale,” Roger Zhang, partner for credit strategy at Granite Asia, said in the statement. “Our deal pipeline is both active and proprietary, driven by our deep understanding of the region.” Zhang, who previously worked as managing director of Blackstone Credit where he led credit deal origination for Asia, is co-leading the Libra Hybrid Capital Fund with Ming Eng, an industry veteran who previously worked as managing partner at Orion Capital Asia. Granite Asia’s move into private credit comes after rebranding the Asian operations of GGV Capital last year. The venture capital firm—which was originally established as Granite Global Ventures in 2000—separated its Asian and U.S. operations in 2023 amid heightened geopolitical tensions between the world’s two largest economies. “Libra Hybrid Capital is the cornerstone of our multi-asset strategy, building on our 25-year track record of backing Asia’s most innovative companies,” Jenny Lee, senior managing partner at Granite Asia, said in the statement. Lee and Jixun Foo—who are long-time managing partners of GGV Capital and frequently listed among the world’s top venture capitalists by Forbes —are co-managing Granite Asia, which has over $5 billion in assets under management. Granite Asia is joining other Asian venture capital firms keen to tap into the booming private credit market. Hong Kong-based Gaw Capital Partners and India’s Kotak AlternateAsset Managers are each reportedly targeting to raise $2 billion for two new private credit funds. Source: https://www.forbes.com/sites/jonathanburgos/2025/05/08/granite-asia-gets-250-million-anchor-commitments-to-bankroll-private-credit-fund/
You may also like

The most important thing in Web3 primary market investment
There is no perfect model, only builders who are respectful and responsible towards the market.

The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution
Cryptocurrency has a significant impact on our country's international financial cooperation and creates great opportunities for enhancing our international financial discourse power. We must adapt to the new trends in the reform of the international monetary system, analyze the structural contradic...

Musk Poached Aave App's Web3 Prodigy
Aesthetic is a gift.

The Petro Order is Cracking. What Comes Next for the Middle East?
Ground War Begins, or Deterrence Takes Hold

ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?
The market is entering a crucial phase of equilibrium.

Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry
AI agents are becoming the true native users of cryptocurrency; they do not need a beautiful interface, just a wallet and a payment track. This wave of "machine commerce" may be the most rational narrative in the crypto industry for years, or it may just be another round of hype in a new bottle.

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy
Vision Chain aims to address the long-standing infrastructure bottlenecks in the European financial sector

What will the early Hyperliquid prediction market look like?
Unleash the Imagination Space of On-chain Finance

Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware
Delphi Labs founder's two-week deep dive into China's AI ecosystem: More bullish on hardware than expected, more bearish on software than expected, and observations on Chinese founders that flipped his prior beliefs.

Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle
CEA Industries' mNAV drops to 0.68, YZi Labs personally steps in to clean up the mess

A transaction in 7 seconds, earning tens of millions of dollars, he's seen as the "cancer of meme coins."
The belief that "Day Trading Shitcoins is the Only Way to Make Money" has become their go-to strategy.

Bittensor Ecosystem Token SN Surges 5x in March, What's Behind Richard Heart's One-Liner?
What did Andrew Ng say? Did he say anything? Is Distributed AI Training Feasible?

The economy is entering a new cycle, how can the average person prepare?
The key is not how much you earn, but whether you have cash flow, low leverage, and the ability to earn consistently

Access Binance Alpha Box: Sigma.Money to Launch BNB Chain Ecosystem Yield Farming Gateway
Sigma.Money's innovation is now translating into tangible market momentum.

Kimi, Chip, and Bean come together for a Crypto Hackathon: What did AI developers build on Monad?
Monad Ecosystem AI Deployment, More Than Just a Hackathon.

How to Trade Crypto on Mobile Browser & Win LALIGA Tickets (2026 Guide)
Discover how AI automation, natural language trading, and mobile browser trading platforms are shaping automated trading in 2026. Join the WEEX live trading event for early access and rewards like LALIGA VIP tickets.

Connecting encryption, TradFi, and payments, is Gate completing the final puzzle of the "super APP"?
Why is it said that TradFi is not a short-term narrative?

a16z Crypto Operating Partner: Wall Street is undergoing its biggest infrastructure upgrade in 30 years
What is currently happening is the largest infrastructure upgrade in the capital market since the rise of electronic trading thirty years ago.
The most important thing in Web3 primary market investment
There is no perfect model, only builders who are respectful and responsible towards the market.
The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution
Cryptocurrency has a significant impact on our country's international financial cooperation and creates great opportunities for enhancing our international financial discourse power. We must adapt to the new trends in the reform of the international monetary system, analyze the structural contradic...
Musk Poached Aave App's Web3 Prodigy
Aesthetic is a gift.
The Petro Order is Cracking. What Comes Next for the Middle East?
Ground War Begins, or Deterrence Takes Hold
ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?
The market is entering a crucial phase of equilibrium.
Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry
AI agents are becoming the true native users of cryptocurrency; they do not need a beautiful interface, just a wallet and a payment track. This wave of "machine commerce" may be the most rational narrative in the crypto industry for years, or it may just be another round of hype in a new bottle.
