Who is Sandeep Agarwal and what is his new role?

Sandeep Agarwal is a veteran banker hired by Modulus Alternatives to lead its private credit business.

What is the projected growth of the Asia-Pacific private credit market?

The Asia-Pacific private credit market is projected to reach $92 billion by 2027.

What returns have Modulus Alternatives' private credit funds generated?

Modulus Alternatives' private credit funds have generated returns in the range of 16-17%.

Home / Business and Economy / Veteran Banker Joins India's Private Credit Boom

Veteran Banker Joins India's Private Credit Boom

6 Jan

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Summary

Modulus Alternatives hired UBS veteran Sandeep Agarwal.
Asia-Pacific private credit market to reach $92 billion by 2027.
Modulus has deployed 30 billion rupees, funds yield 16-17%.

Veteran Banker Joins India's Private Credit Boom

Modulus Alternatives Investment Managers has appointed Sandeep Agarwal, a former UBS Group AG executive, to spearhead its burgeoning private credit division. Agarwal, who brings nearly three decades of extensive experience in finance, joined the firm earlier this year. His prior roles include leading UBS's Mumbai operations and positions at major financial institutions like Credit Suisse and JPMorgan Chase.

The appointment signals a strategic move by Modulus amid escalating demand for expertise in the private credit sector. Projections indicate robust growth for the Asia-Pacific private credit market, with an anticipated surge to $92 billion by 2027 from $59 billion in 2024. India, Australia, Japan, and Singapore are identified as key growth drivers in the region.