Ascertis Credit eyes $1 bn for latest private credit fund

Ascertis Credit has launched its fourth private credit fund, targeting $1 billion, with over half already raised, as the investment firm seeks to back highgrowth businesses in India and Southeast Asia.

- Priyamvada C.

Kanchan Jain, head, Ascertis Credit.

The fund has raised $520 million in its first close from a diverse mix of existing and new institutional investors, family offices, and high-networth individuals across global markets and India, the firm stated on Tuesday.

The firm remains focused on providing customized, long-term performing credit solutions, primarily across services, infrastructure, and manufacturing, with an emphasis on delivering low-volatility, attractive risk-adjusted returns for investors, it added. A bulk of the capital will be invested in India, it said, without disclosing further details.

The fund has raised $520 mn in its first close from existing and new institutional investors, family offices, and HNIs