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Ascertis Fuels India Growth: $520M Fund Targets Businesses
19 Nov
Summary
- Ascertis Credit closed Fund IV with $520 million, aiming for $1 billion by December 2026.
- The fund will invest in high-growth, positive cash flow businesses needing capital.
- Ascertis plans 35-40 mid-market credit transactions with high teens return targets.
Ascertis Credit has achieved a significant first close for its Fund IV, securing $520 million towards its ambitious $1 billion target by December 2026. This substantial capital will be strategically deployed into high-growth businesses generating positive cash flows, addressing funding gaps rather than credit risks.
The firm intends to conduct 35 to 40 transactions from this fund, focusing on the mid-market credit segment with an objective of achieving high teens returns. Ascertis has a proven track record, having completed over 70 deals across its previous three funds.
This fund close is a strong indicator of increasing global investor interest in the Indian credit market. Despite a lengthy six-month diligence period for investors, the growth trajectory of private credit in India, which remains a small fraction of total bank credit, signals considerable future potential.
