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Market Chatter: Singapore Sovereign Wealth Fund Nears Sale of $2 Billion of Private Credit Stakes

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Singapore's sovereign wealth fund, GIC, is closing in on the disposal of up to $2 billion in private credit assets via the secondaries market, Bloomberg News reported Tuesday, citing people familiar with the matter.

The fund has hired Evercore to advise on the sale as it looks to trim some of its maturing holdings, the report said.

Last year, GIC launched a process to sell at least $1 billion in private equity fund stakes from managers that included Blackstone and Apollo Global Management, the report noted.

Private credit fund stake disposals have become a key strategy in the secondaries market, with volumes reaching $20 billion in 2025, the report added, citing Evercore data.

GIC did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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