Singapore-based asset manager Granite Asia is deploying capital into mid-sized Asian companies across advanced manufacturing, healthcare, and digital transformation following the oversubscribed launch of its pan-Asia private credit strategy, Libra Hybrid.
📌 Key Financial Metrics & Market Data:
- >$500 Million Fund Size: Libra Hybrid surpassed its $500M target without a hard cap, with the firm now shifting focus to deployment.
- 8 Deals & 2 Exits: Completed 8 total transactions and 2 successful exits since launching in 2025, returning early capital to investors.
- Teens Return Profile: Delivered annualized net returns in the mid-to-high teens (approx. 13%–19%) over the past year.
- $92 Billion Regional Market Forecast: APAC private credit market is projected to expand from $59 billion in 2024 to $92 billion by 2027 (led by India, Australia, Japan, and Singapore).
💡 Market Dynamics & Strategic Thesis:
- Non-Dilutive Growth Capital: Mid-market firms are choosing private credit over traditional equity raises to maintain founder ownership while securing fast, flexible growth capital.
- Supply-Demand Imbalance: Asia’s private credit market remains underpenetrated compared to North America and Europe, providing attractive risk-adjusted yield opportunities.
- Core Investment Themes: Geographic-agnostic deployment focused on supply chain realignments, technology enablement, and regional corporate expansion.