Ascertis Credit to launch fifth fund, eyes $1 billion raise
Ascertis Credit, is eyeing a $1 billion (about ₹8,400 crore) fundraising for its fifth fund, after investing more than $1 billion across four funds to date. The firm plans to launch its fifth and largest fund yet within the coming month.
The firm's upcoming Fund V is expected to target fundraising, with investments focused predominantly in India, alongside opportunities in Southeast Asia. Ascertis will raise capital from both international and domestic investors. It will deliver returns in the mid-teens from the fund.
«As we complete a decade of operations, raising $1 billion feels like the next logical step in our growth,» said Kanchan Jain, head of Ascertis Credit. «From our humble beginnings with a fund size of ₹500 crore in 2014, we have scaled significantly, raising $600 million with Fund III, which closed in June 2022. That fund remains one of the largest single-country performing credit funds raised in Asia.»
Over the past 10 years, Ascertis Credit has focused on mid-market performing credit in India, a segment the firm identified as a key growth engine early on. «When we started, most players were focused on real estate or other segments. We saw an opportunity to create a business that would offer solution capital, especially in the mid-market credit space,» Jain said.
