Singapore‑based Granite Asia has turned to DBS Group’s private banking arm to pull in fresh capital for its inaugural private credit fund. The move signals the firm’s intent to broaden its asset‑management footprint and tap high‑net‑worth households that traditionally steer away from public markets in the competitive Southeast Asian market today.

Granite Asia’s first private credit vehicle targets mid‑market lenders seeking non‑public funding, a niche that has attracted institutional interest amid tightening credit conditions. By leveraging DBS’s client base, the firm can unlock a pipeline of affluent investors willing to commit sizeable, long‑term capital in Singapore’s growing alternative‑investment sector and today.

The partnership underscores DBS’s strategy to deepen its wealth‑management offering by channeling high‑net‑worth clients toward bespoke private‑equity and credit products. Granite Asia, meanwhile, positions itself to capture a share of the region’s expanding private‑credit market, which is projected to grow annually by double figures in the next few years globally.

For investors, the deal offers a new route into private credit with a trusted local partner and a seasoned lender. Granite Asia’s collaboration with DBS could set a precedent for other boutique managers seeking to tap affluent client pools in Singapore’s tightly regulated banking environment and attract significant capital inflows.