Astrea Private Equity (“PE”) Bonds are underpinned by cash flows from quality diversified portfolios of PE funds. These bonds are rated investment grade and listed on the Singapore Stock Exchange.
Summary of the Report
Astrea VI Class A-1 and A-2 Bonds were fully redeemed, while Class B Bonds were partially redeemed at 66%. All other Astrea portfolios continued to generate positive net cash distributions in 2025, demonstrating our commitment to meet obligations through varying market conditions.
Astrea 9 PE Bonds marked a significant milestone, achieving our largest retail offering to date with total subscription exceeding S$3.4 billion, effectively reflecting growing investor demand for institutional-grade PE exposure.
Fitch upgraded the ratings assigned to Astrea VI Class B Bonds and Astrea 7 Class A-2 Bonds from 'Asf' to 'A+sf’, whilst affirming the other ratings assigned to PE Bonds issued by Astrea VI, Astrea 7 and Astrea 8, further validating the quality of our underlying investments.
Amid continued macroeconomic volatility in 2025, including geopolitical tensions, trade frictions and tariffs, Astrea remained resilient and met its obligations, supported by a diversified portfolio, fund managers with strong track records across market cycles and, structural safeguards.
This report also includes the following sections:
- 2025 PE Market Overview
- Astrea: A Year In Review
- Individual Astrea Performance Updates
- Case Studies
- Astrea VI, 7, 8 and 9 Financial Statements