Indian alternative asset manager 360 ONE Asset has closed its fifth vintage private credit strategy, raising total commitments of around $400m (£300m), the company said today.
The commitments came from a diversified pool of investors including pension funds, insurance companies, family offices and high-net-worth individuals, it said.
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The fund will continue providing structured and customised credit solutions to the domestic corporates, with a focus on capital preservation, strong covenant structures and attractive risk-adjusted yields.
“India’s private credit market is at a structural inflection point, supported by strong economic growth, increasing formalisation of capital, and rising demand for flexible financing solutions,” said Aakash Desai, 360 ONE Asset’s chief investment officer and head of private credit.
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“For global and domestic institutional investors, private credit offers a compelling value proposition, with attractive yield premiums, strong covenant protections, and access to high-growth businesses in a large and underpenetrated credit market.”
The firm said it is aiming to strengthen its position as one of India’s leading private credit managers. Its private credit business manages over $1.6bn of assets.
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