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There is strong interest among family offices and high net worth individuals to invest in private credit funds, said the report. This seems to be a rising trend and may become a large source of capital to fuel Indias private credit growth story, it said.
Sundaram Alternate Assets Ltd, a subsidiary of Sundaram Asset Management Company Ltd, has hit the road to raise its fourth real estate-focused private credit fund. Through this fund, Sundaram Alternates aims ......
The fund aims to create a largely growth-oriented portfolio and build key developer relationships within the real estate categories of mid-market residential, hybrid, and commercial projects.
Chennai-based Sundaram Alternates has launched its fourth high-yield credit fund, aiming to raise Rs 750 crore with a green shoe option of the same value, taking the targeted size to Rs 1,500 crore. The focus of the fund will be on sub-Rs 100 crore deals, with the aim of delivering gross deal returns ranging between 18% and 22% on a senior secured basis.
The data centre business have attracted investments from a slew of players lately, including announcements by industrial houses like Adanis and Hiranandanis.