Ascertis Credit Sets Ambitious $1 Billion Fundraising Goal

Ascertis Credit plans to raise a $1 billion private credit fund targeting India and Southeast Asia. The company recently achieved the first close of 'Ascertis Credit Fund IV' at $520 million, sourced from diverse investors. The fund aims to offer tailored credit solutions in high-growth sectors.

Ascertis Credit is setting its sights on raising an ambitious $1 billion private credit fund dedicated to investments in India and Southeast Asia. On Tuesday, the company reported the successful first close of its fourth fund, the 'Ascertis Credit Fund IV,' at a substantial $520 million. This initial amount was brought together by a blend of global investors, family offices, and affluent individuals.

The fund is poised to offer bespoke credit solutions focusing on high-growth companies in regions like India and Singapore-Southeast Asia. The aim is to maintain low-volatility while providing appealing risk-adjusted returns. A growing trend in private credit sees funds being extended to businesses that face challenges accessing traditional bank loans, a strategy gaining prominence as India emerges as a key player in Asia's credit market.

Ascertis Credit, with offices in Mumbai, Delhi, and Singapore, continues to expand its financial influence in the region. This comes in the wake of its earlier announcement, marking the final close of the Ascertis Credit Select Short Term Income Fund - I earlier this year.

(With inputs from agencies.)