Credit Funds

Motilal Oswal Alternates, the alternative investment platform of financial services group Motilal Oswal, on Thursday said it is entering into private credit space, with a new fund that targets to mobilise Rs 3,000 crore. This marks the group's entry into the country's fast-growing private credit market with a differentiated multi-pronged investment strategy, at a time when India's credit landscape is undergoing a structural shift. In a statement, Motilal Oswal Alternates said it has initiated regulatory processes to launch its private credit arm. "The maiden fund proposes to raise Rs 3,000 crore, including the green shoe option of Rs 1,500 crore," it added. The proposed fund looks to invest in growth capital and special situation-oriented transactions. Motilal Oswal Alternates has raised over Rs 23,000 crore across 11 private equity and real estate strategies and is poised to exceed USD 3.5 billion in assets under management over the next year with the addition of the private cred

Motilal Oswal Alternate Investment Advisors aims to deploy funds mostly in mid-sized companies seeking to list themselves in the next two to three years

Cerberus, which has $65 billion under management globally, was among the anchor investors in Shapoorji Pallonji Group's $3.4 billion financing, the country's largest private credit deal to date

Avendus Structured Credit Fund III secures Rs 1,000 crore in first close as investors seek tailored private debt with target IRRs of 16-18 per cent amid lending constraints

Company to use fund to expand portfolio and provide 'greater access to credit for individuals and businesses'

Non-bank finance company SMFG India Credit on Tuesday said it has raised USD 175 million foreign loan. The funds have been borrowed through a syndicated loan and will be used for regular lending operations, as per an official statement from the company run by Japan's SMFG. The External Commercial Borrowing (ECB) facility has been jointly arranged by Standard Chartered Bank (SCB) and CTBC Bank, the statement from the company formerly known as Fullerton India Credit, said. It can be noted that a slew of its peers have been accessing funds through the ECB route over the last few months even if they come at a higher cost, as arranging funds from domestic banks become difficult amid regulatory changes and slower deposit growth. The Non-bank finance company said it has fully hedged the facility to mitigate risks associated with foreign exchange and interest rate fluctuations. "With this funding, we aim to strengthen our lending capabilities, ensuring greater access to credit for individ

Slippages to NPAs in credit card, microfinance segments increase

The money manager plans to deploy the capital to support mid-sized companies in so-called special situations that include acquisition financing

The firm has already secured Rs 300 crore and aims to achieve the full target within the next 6 to 9 months, according to Ankur Bansal, Managing Director (MD) of BlackSoil

A growing pipeline of deals is nudging India's private credit market closer to the $10 billion mark as Prime Minister Narendra Modi's infrastructure push fuels a boom in funding among mid-sized firms

The firm said about 60% of the total debt funding raised during the first six months of 2024 came from new debt investors

The state plans to fund about 8,300 enterprises under two credit schemes: Mukhyamantri Yuva Swarojgar Yojana and Mukhyamantri Gramodyog Rojgar Yojana

Private credit funds fall under the broad category of AIFs for the purpose of regulations in India

Investors who pooled money were issued senior securities, earning them interest

Vivriti Asset Management (VAM) on Monday said it has received USD 200 million (about Rs 1,664 crore) in commitments in three alternate investment funds. VAM said the commitments have been raised for three credit funds, including Vivriti Wealth Optimizer Fund, Vivriti Emerging Corporate Bond Fund, and Vivriti Alpha Debt Fund - Enhanced. Under Diversified Bond Funds (DBF), VAM has invested over Rs 1,400 crore since January 2022 in 40 investees in sectors such as airports, clean energy, road construction, fertiliser manufacturing, thermal energy, financial services, logistics, software services and managed offices, as per an official statement. To date, the company has raised commitments of over USD 450 million, the statement said. The investments have supported the growth of these businesses, with end-use tied to capital expenditure, working capital improvement, product development, and last-mile contribution to infrastructure projects, it said. There are 570 contributors to the ...

Capital inflows to Blackstone Private Credit Fund, BCRED, rose 30% to $2.4 billion in the third quarter to date from the prior three months

Sundaram Alternates, an arm of Chennai-based Sundaram Group, on Thursday launched its fourth high-yield credit fund with a corpus of Rs 1,500 crore. The new fund seeks to raise Rs 750 crore with a green shoe option worth Rs 750 crore, taking the aggregated target size to Rs 1,500 crore. The fund will focus on sub-Rs 100 crore deals, which offers fund diversification as well as attractive risk-rewards, Vikaas M Sachdeva, managing director of Sundaram Alternates, said. The fund will target gross deal returns ranging between 18 per cent and 22 per cent on a senior secured basis, Karthik Athreya, a director and head of strategy at the company, said. Sundaram Alternates has so far deployed over Rs 2,000 crore over the past seven years. The Sundaram Alternative opportunities high yield secured real estate fund - IV is designed to provide investors access to a diversified portfolio of secured realty investments, with a focus on self-liquidating residential projects across key Southern ...

The fund will lend to financially solvent companies and will now take exposure to distressed situations. It has a lifespan of three years

How will Go First vs lessors affect Indian aviation? Where is L&T headed after a change of guard? Which equity mutual funds are experts betting on? What are private credit funds? Answers here

Sukumar explains why investment opportunities in this space are expected to grow manifold