India’s potentially high-growth private credit market, one of the fastest growing asset classes globally, is attracting the attention of a bevy of alternative asset management firms. There may be quibbles about size, but global and local funds have already joined the game — Blackstone, SSG Capital, True North, Edelweiss and Bain Credit.
Since 2018, as many as 35 credit funds, a type of fund that invests in relatively risky but high-return assets, were registered in the country and many others are thinking of taking the plunge into various forms of private credit. ICICI Venture is one of them. Its CEO