The open-ended evergreen structure, for an undisclosed institutional investor, will invest in senior and junior direct lending opportunities in the region.
The equity commitments were raised across an evergreen fund, a closed-end venture debt fund, and a rated note offering.
The $25 billion HPS Corporate Lending Fund has once again limited withdrawals after repurchase requests hit ~11.5% of outstanding shares.
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 LP is also weighing the rollover of prior TAO commitments into the latest evergreen vintage, which is targeting $5-7 billion over an 18-month fundraising period.
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.
GCRED will accept all of the 4.8% in withdrawal requests received at its June 30 NAV, down from 8.5% in the prior quarter.
The new vehicle by microfinance NGO Good Return is open to global wholesale and sophisticated investors with a minimum investment of $20,000.
