PE firm True North forays into Pvt credit, raises Rs 1,000 crore fund
The firm said it had set up a fund in 2022, and has already raised over Rs 1,000 crore. It intends to close the fund by the end of the year, as per a statement.
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The firm said it had set up a fund in 2022, and has already raised over Rs 1,000 crore. It intends to close the fund by the end of the year, as per a statement.
True North, a private equity fund, has announced its foray into private credit, raising over Rs 1,000 crore since 2022. The "True North Private Credit" will invest Rs 75 crore in companies and Rs 200 crore in co-investment pools, targeting an internal rate of returns between 15-18%.
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