Credit Funds

Slippages to NPAs in credit card, microfinance segments increase

The money manager plans to deploy the capital to support mid-sized companies in so-called special situations that include acquisition financing

The firm has already secured Rs 300 crore and aims to achieve the full target within the next 6 to 9 months, according to Ankur Bansal, Managing Director (MD) of BlackSoil

A growing pipeline of deals is nudging India's private credit market closer to the $10 billion mark as Prime Minister Narendra Modi's infrastructure push fuels a boom in funding among mid-sized firms

The firm said about 60% of the total debt funding raised during the first six months of 2024 came from new debt investors

The state plans to fund about 8,300 enterprises under two credit schemes: Mukhyamantri Yuva Swarojgar Yojana and Mukhyamantri Gramodyog Rojgar Yojana

Private credit funds fall under the broad category of AIFs for the purpose of regulations in India

Investors who pooled money were issued senior securities, earning them interest

Vivriti Asset Management (VAM) on Monday said it has received USD 200 million (about Rs 1,664 crore) in commitments in three alternate investment funds. VAM said the commitments have been raised for three credit funds, including Vivriti Wealth Optimizer Fund, Vivriti Emerging Corporate Bond Fund, and Vivriti Alpha Debt Fund - Enhanced. Under Diversified Bond Funds (DBF), VAM has invested over Rs 1,400 crore since January 2022 in 40 investees in sectors such as airports, clean energy, road construction, fertiliser manufacturing, thermal energy, financial services, logistics, software services and managed offices, as per an official statement. To date, the company has raised commitments of over USD 450 million, the statement said. The investments have supported the growth of these businesses, with end-use tied to capital expenditure, working capital improvement, product development, and last-mile contribution to infrastructure projects, it said. There are 570 contributors to the ...

Capital inflows to Blackstone Private Credit Fund, BCRED, rose 30% to $2.4 billion in the third quarter to date from the prior three months

Sundaram Alternates, an arm of Chennai-based Sundaram Group, on Thursday launched its fourth high-yield credit fund with a corpus of Rs 1,500 crore. The new fund seeks to raise Rs 750 crore with a green shoe option worth Rs 750 crore, taking the aggregated target size to Rs 1,500 crore. The fund will focus on sub-Rs 100 crore deals, which offers fund diversification as well as attractive risk-rewards, Vikaas M Sachdeva, managing director of Sundaram Alternates, said. The fund will target gross deal returns ranging between 18 per cent and 22 per cent on a senior secured basis, Karthik Athreya, a director and head of strategy at the company, said. Sundaram Alternates has so far deployed over Rs 2,000 crore over the past seven years. The Sundaram Alternative opportunities high yield secured real estate fund - IV is designed to provide investors access to a diversified portfolio of secured realty investments, with a focus on self-liquidating residential projects across key Southern ...

The fund will lend to financially solvent companies and will now take exposure to distressed situations. It has a lifespan of three years

How will Go First vs lessors affect Indian aviation? Where is L&T headed after a change of guard? Which equity mutual funds are experts betting on? What are private credit funds? Answers here

Sukumar explains why investment opportunities in this space are expected to grow manifold

North Queensland Export Terminal, which is controlled by Adani family trust, is being considered to raise funds for the group, according to the report on Monday, citing sources aware of fundraising

The rise in credit was largely driven by housing and vehicle loans segments

The UP government has said unless the credit flow is equitable across the different regions, the goal of a $1-trillion economy would remain elusive

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Nilesh Dhedhi, head of structured credit, Avendus Finance explains the nuts and bolts of these investment vehicles which are aimed at sophisticated investors

The department will also take stock of the banks' asset quality, and focus on large bad loans, implementation of the Centre's various schemes, and the lenders' plan to raise capital