 "illustration")
At least four alternative investment funds (AIFs) focused on the debt segment have applied for regulatory approvals since March, according to the data from the Securities and Exchange Board of India (Sebi).
They include InCred Capital Credit Fund Master Trust, BPEA Credit - India Fund III, KKR India Credit Trust and JM Financial Yield Enhancer Distressed Opportunity Fund I. Incred’s application was in March; the rest came in April. Experts said there were gaps in the debt market, which such alternative funds could fill.
Emails seeking comment were sent to the funds with pending applications at Sebi. Baring Private Equity Asia declined
