The new vehicle by microfinance NGO Good Return is open to global wholesale and sophisticated investors with a minimum investment of $20,000.
The equity commitments were raised across an evergreen fund, a closed-end venture debt fund, and a rated note offering.
EQT Nexus Asia will allocate across EQT Private Capital's closed-ended large-cap and mid-market strategies, targeting companies in healthcare, services, technology, and industrial technology.
Shareholders submitted an estimated $4.3 billion of Q3 repurchase requests, representing around 10% of shares outstanding, as of June.
The Singapore-domiciled vehicle targets 12-15% net annual returns and a 40% allocation to private credit.
The open-ended evergreen structure, for an undisclosed institutional investor, will invest in senior and junior direct lending opportunities in the region.
The firm also provided updates on its private equity evergreen fund and non-traded BDC, as well as plans to launch new products targeting the wealth segment.
The fund has already secured a $125 million anchor commitment from Beedie Capital following its acquisition of a 50% stake in Vistara.
Anchored by three institutional LPs, the fund offers exposure to private asset-backed finance and traded structured credit opportunities.
The vehicle's direct lending strategy focuses on senior secured middle-market loans.
