Granite Asia Secures $250M for Debut Private Credit Fund in Asia - InforCapital

Granite Asia, a Singapore-based multi-asset investment firm, has successfully secured over $250 million in anchor commitments for its debut private credit fund, the Libra Hybrid Capital Fund. This major milestone marks the firm’s strategic entrance into the private credit space, targeting mid-market companies across the Asia-Pacific region.

The fund has attracted strong backing from Asian sovereign wealth funds, Granite Asia’s general partners, and a wide network of entrepreneurs and business leaders. With an ambitious target of $500 million, the Libra Hybrid Capital Fund is structured to provide secured loans to businesses seeking non-dilutive financing, particularly those undergoing digital transformation or pursuing growth through M&A.

The fund will serve a segment of the market often underserved by traditional equity investments: capital-efficient, mature enterprises that need flexible, structured financing solutions. Its investment strategy is designed to deliver stable cash yields and attractive risk-adjusted returns, offering a defensive credit profile aligned with current economic realities.

Jenny Lee, Senior Managing Partner at Granite Asia, highlighted the significance of this launch within the firm’s multi-asset platform, stating that the fund is a cornerstone in broadening support for companies that are foundational to Asia’s economic engine.

The Libra Hybrid Capital Fund will be co-led by seasoned professionals Ming Eng and Roger Zhang. Eng brings his experience as a former Managing Partner at Orion Capital Asia, while Zhang contributes his background as a Managing Director at Blackstone Credit. Their combined expertise underscores the firm’s commitment to building a best-in-class credit platform.

Granite Asia has a track record of investing in transformative, technology-enabled businesses. Its previous investments span growth-stage equity and venture debt across fintech, enterprise SaaS, and digital infrastructure sectors. These include early capital support to companies that have since scaled to become leaders in their respective industries.

With the launch of this private credit vehicle, Granite Asia is positioning itself as a key player in alternative financing across the region. The firm aims to close the remaining capital in the coming months, further expanding its impact on Asia’s next generation of growth companies.