Money secured! Singapore-based venture capital firm Granite Asia has secured over $250M in anchor commitments for the Libra Hybrid Capital Fund, its private credit strategy, ahead of its launch. 

• $250M represents over half of the fund’s target. 
• Founded in 2000, Granite Asia was previously known as Granite Global Ventures (GGV). They rebranded last year.‍

LP check. Top Asian sovereign wealth funds made initial commitments, as did Granite Asia’s general partners and its network of founders and entrepreneurs.

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💰 The ABCs of the fund

The fund provides established businesses with non-dilutive private debt capital as an alternative to traditional financing. 

• With this, corporates can access bespoke funding to accelerate both organic and inorganic growth, while leveraging Granite Asia’s network of operators and investors. 

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📈 On Granite Asia

Granite Asia is a multi-asset investment platform investing in the APAC region, including SEA, Japan, China, India, and Australia.  

• The firm has assets under management totalling $5B. 
• They’ve also facilitated 30 IPOs.