Private Credit Growth Fund (PCGF)
The Private Credit Growth Fund (PCGF) is a S$1 billion fund established to provide non-dilutive, customised financing for high-growth local enterprises. It addresses a significant gap in Asia's private credit market, where few funds focus on Singapore-based enterprises. The fund provides customised financing solutions that may not be readily available in Asia through traditional financing today. It supports growth activities such as international mergers & acquisitions (M&As) and large capital overseas expenditures, along with specialist advisory services in areas like M&A strategy, financial management, and supply chain improvement. The fund is complemented by a separate S$200 million Long Term Investment Fund (LTIF), which targets enterprises with longer or more complex growth trajectories.
Eligibility Criteria
- 01
High-growth local (Singapore-based) enterprises
- 02
Companies seeking to scale globally and compete on the international stage
- 03
Enterprises needing financing for international M&As and large overseas capital expenditures
- 04
Must meet eligibility criteria set by fund manager (Apollo)
Frequently Asked Questions
Few private credit funds in Asia focus on Singapore-based enterprises. Private credit provides non-dilutive financing — companies don't give up equity or ownership stakes.
A complementary S$200 million fund for enterprises with longer or more complex growth trajectories (e.g., longer product development cycles, niche/nascent sectors with longer gestation periods).
Apollo was appointed as fund manager in approximately July 2025.
Specialist advisory services in M&A strategy, financial management, and supply chain improvement.
Focus is on high-growth enterprises seeking global scale, across sectors. Specific sector preferences determined by the fund manager.