Key Takeaways
- • Ascertis Credit has crossed $700 million in commitments for its fourth fund, Ascertis Credit Fund IV, which is targeting a corpus of about $1 billion.
- • The latest close included existing limited partners and new investors such as insurance companies, development financial institutions and family offices in India and overseas.
- • Ascertis Credit, formerly BPEA Credit, has invested around $2 billion in companies since its inception 12 years ago.
- • The firm runs a performing private credit strategy focused on Asia ex-China, with emphasis on India, Singapore and Southeast Asia.
Summary
Ascertis Credit, an India- and Southeast Asia-focused performing private credit platform, has crossed $700 million in commitments for its fourth fund, according to a company statement reported by DealStreetAsia. The fund is targeting a corpus of about $1 billion, meaning the close is roughly 70 percent of the stated goal.
The milestone builds on the fund's earlier first close, which attracted institutional investors, family offices and other long-term capital providers from India and global markets. The latest close drew commitments from existing limited partners as well as new investors, including insurance companies, development financial institutions and family offices in India and overseas.
Kanchan Jain, Head of Ascertis Credit Group, said in the statement that private credit in Asia is increasingly filling a significant funding gap in the credit markets, and that businesses across the region need flexible capital solutions that go beyond traditional lending models. She also said the firm continues to see strong interest from global investors in the opportunity in India and Asia, and in the potential for performing credit to deliver differentiated, risk-adjusted returns across market cycles.
Ascertis Credit, earlier called BPEA Credit, has invested around $2 billion in companies across sectors since its inception 12 years ago. The firm focuses on performing private credit investments in Asia ex-China, with an emphasis on India and Singapore and Southeast Asia, and maintains offices in Singapore, Delhi, Mumbai, GIFT City and Bengaluru.
The milestone builds on the fund's earlier first close, which attracted institutional investors, family offices and other long-term capital providers from India and global markets. The latest close drew commitments from existing limited partners as well as new investors, including insurance companies, development financial institutions and family offices in India and overseas.
Kanchan Jain, Head of Ascertis Credit Group, said in the statement that private credit in Asia is increasingly filling a significant funding gap in the credit markets, and that businesses across the region need flexible capital solutions that go beyond traditional lending models. She also said the firm continues to see strong interest from global investors in the opportunity in India and Asia, and in the potential for performing credit to deliver differentiated, risk-adjusted returns across market cycles.
Ascertis Credit, earlier called BPEA Credit, has invested around $2 billion in companies across sectors since its inception 12 years ago. The firm focuses on performing private credit investments in Asia ex-China, with an emphasis on India and Singapore and Southeast Asia, and maintains offices in Singapore, Delhi, Mumbai, GIFT City and Bengaluru.
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