The Singapore-based alternative asset manager launched the India Credit “Plus” fund in June with a target corpus of ₹400 crore and a green-shoe option for a similar amount
We operate in the mid-market space (expected internal rate of return is 12-16 per cent), which provides a significant deployment potential for performing credit funds
Further, since 2020, the AUM of Credit Risk Funds (CRFs) has been declining due to increasingly restrictive regulatory mandates & redemption by retail investors. This coupled with preference for higher rated issuers by CRFs led to lesser availability of funds for lower rated investment grade papers.