Ascertis Credit bags $520 mn for fourth fund

ASCERTIS CREDIT, FORMERLY known as BPEA Credit, on Tuesday announced the first close of its fourth fund (Fund IV), raising $520 million (around ₹4,600 crore).

- RAGHAVENDRA KAMATH

This marks one of the largest-ever first closes for a private credit fund in India.

The fund, which targets a total corpus of $1 billion, has drawn a diverse mix of existing and newinstitutional investors, family offices, and high-net-worth individuals (HNIs) across global and Indian markets, the fund manager said.