Pension funds, global PEs play safe in private credit space

RECENTLY, WHEN VISHESH Shrivastav, managing director, investment (India), Temasek, said the Singapore state-owned investor would look at the Indian private credit market when it matures and offers opportunities with the right risk-reward balance, not many were surprised in the private debt circles.

- RAGHAVENDRA KAMATH & MAHESH NAYAK

According to senior executives in the segment, beyond limited deals in the $200-300 million range that global funds find attractive, tough debt resolution processes have made large investors, especially pension funds and global PE funds, less enthusi