Tether anchors Fasanara's $400M private credit fund, eyes $3B raise

What's the deal? Tether and Fasanara CapitalDealroom has a profile for this one. Try Dealroom → have launched StableFundDealroom has a profile for this one. Try Dealroom →, a private credit fund, with Tether providing $400 million in anchor investment. The fund plans to attract up to $3 billion in third-party institutional capital.

What's the endgame? StableFund targets short-term, asset-backed credit for small and medium-sized enterprises. Fasanara Capital serves as investment manager, while Tether acts as co-initiator, asset originator, and advisor.

The signal: The move pushes Tether, best known for its USDTDealroom has a profile for this one. Try Dealroom → stablecoin, deeper into traditional finance, deploying reserves into private credit — a fast-growing asset class institutional investors increasingly favour.

Read more: bbx.com

Image credit: jurvetson