SeaTown Holdings, indirectly owned by Temasek Holdings Pte Ltd, is planning to raise about US$1.5 billion (RM6.61 billion) for its new Asia-focused private credit fund, people familiar with the matter said. Singapore state investment firm Temasek and its affiliates plan to commit about US$1 billion for SeaTown’s new private credit fund, launched late last year. An additional US$500 million would be raised from external sources, the people said, requesting not to be named because the matter is private.