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ASK Alts floats second private credit fund with $260 mn target

New Delhi, May 15 -- ASK Alternates, a part of the Blackstone-backed ASK Asset & Wealth Management Group, has unveiled its second private credit fund. The fund is targeting a corpus of Rs 2,500 crore... Read More


Kotak Alts invests $78 mn in Lloyds Metals

New Delhi, May 14 -- Kotak Alternate Asset Managers has invested Rs 750 crore ($78.3 million) in the non-convertible debentures (NCDs) of Lloyds Metals & Energy. Lloyds Metals is a listed integrated ... Read More


JM Financial Asset Management set to roll out new private credit fund

New Delhi, May 14 -- JM Financial Asset Management Ltd, which manages mutual fund schemes and alternative investment funds, is preparing to start raising a new private credit fund soon, a senior execu... Read More


Did True North meet the benchmark as it exits eight-year-old bet?

New Delhi, May 13 -- True North, one of India's oldest private equity firms, has made its second liquidity move of this year as it completed its exit from a financial services company that it first ba... Read More


Kotak Mahindra AMC marks final close of credit opportunities fund

New Delhi, May 12 -- Kotak Mahindra Asset Management Company has completed the final close of its maiden private credit alternative investment fund, Kotak Credit Opportunities Fund. The fund has garn... Read More


Blackstone-controlled Aadhar Housing snags funding from offshore investor

New Delhi, May 11 -- Aadhar Housing Finance Ltd, the Indian mortgage lender majority owned by private equity giant Blackstone, has tapped an offshore investor to raise fresh capital. The non-bank len... Read More


Sindhuja Microcredit raises $5 mn in pre-Series D round

New Delhi, May 11 -- Noida-headquartered Sindhuja Microcredit has raised $5 million (nearly Rs 48 crore) in a pre-Series D funding round led by existing investors Abler Nordic, GAWA Capital, and Oikoc... Read More


Fairfax to gain majority stake in IIFL Capital with $211 mn investment

New Delhi, May 7 -- Canadian investment firm Fairfax India Holdings Corp will infuse Rs 2,000 crore (around $211 million) into IIFL Capital Services Ltd to increase its stake in the Indian broking fir... Read More


Eversource-backed Ecofy gets $15 mn from Natixis affiliate

New Delhi, May 6 -- Ecofy Finance, a non-bank lender backed by private equity firm Eversource Capital, has secured $15 million (nearly Rs 142 crore) in debt funding from Mirova, an affiliate of Natixi... Read More


Edelweiss group's alts unit gets SEBI nod for IPO

New Delhi, April 24 -- EAAA India Alternatives, the alternative asset management arm of the Edelweiss group, said it has received an approval from the Securities and Exchange Board of India (SEBI) for... Read More