---
title: "GGV Capital Successor Granite Asia Raises $350M Credit Fund"
description: "Granite Asia, the Asia spin-out of GGV Capital, secured $350M+ in the first close of its $500M Libra Hybrid private credit fund and led Kuku’s $85M Series C."
date: 2026-05-20T00:00:00.000Z
tags: ["ggv-capital", "fund-close", "venture-capital", "private-credit", "startup-funding"]
source: https://venturecapitaltracker.com/2026-ggv-capital-granite-asia-libra-hybrid-fund
---

# GGV Capital Successor Granite Asia Raises $350M Credit Fund

> Granite Asia, the Asia spin-out of GGV Capital, secured $350M+ in the first close of its $500M Libra Hybrid private credit fund and led Kuku’s $85M Series C.

**Granite Asia**, the Asia spin-out of **GGV Capital**, secured **$350M+ in the first close** of its $500M **Libra Hybrid** private credit fund and **led Kuku's $85M Series C**.

## Key facts

- **Firm:** Granite Asia (formerly GGV Capital's Asia business)
- **Libra Hybrid:** $350M+ first close; $500M target (private credit)
- **Anchor LPs:** Temasek, Khazanah Nasional, Indonesia Investment Authority
- **Kuku:** Led $85M Series C (Oct 2025), India vernacular content
- **Platform AUM:** $6B+ across venture, growth, and credit

## Why this matters

The private-credit push shows how one GGV Capital successor is expanding beyond equity into non-dilutive capital for Asian tech, leveraging a 25-year network.

## Sources

1. Granite Asia Libra Hybrid fund (AsiaTechDaily): https://asiatechdaily.com/why-temasek-khazanah-and-ina-are-backing-granite-asias-us500m-private-credit-bet-on-asia/
2. Granite Asia leads Kuku $85M Series C (Sugermint): https://sugermint.com/granite-asia-leads-kukus-us85-million-series-c-round/

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.