India $1.5 Billion Private Credit Investment manager Ascertis Credit Raised $520 Million for 4th Private Credit Fund (Ascertis Credit Fund IV) with Target $1 Billion Fund Raise to Invest in Private Credit in India, Singapore & Southeast Asia, Founded in 2011 & Joined Baring Private Equity Asia (BPEA) as BPEA Credit in 2016 and Carved Out after BPEA Merged with EQT
19th November | Hong Kong
India private credit investment manager Ascertis Credit ($1.5 billion AUM) has raised $520 million for the 4th private credit fund (Ascertis Credit Fund IV) with target $1 billion fund raise to invest in private credit in India, Singapore & Southeast Asia. Ascertis Credit was founded in 2011, joined Baring Private Equity Asia (BPEA) as BPEA Credit in 2016 and was carved out after BPEA merged with EQT. Announcement (18/11/25): “Ascertis Credit (formerly BPEA Credit), a pioneer in the performing private credit space in India, today announced the successful first close of its fourth fund (Fund IV) having raised USD 520 million (approximately INR 4,500 crore) in this close. This is one of the largest ever first close for a private credit fund in India, reflecting deep investor confidence in Ascertis Credit’s strategy, platform, and track record. The Fund, with a target fund raise of USD 1 billion, has attracted a broad mix of existing and new institutional investors, family offices, and high-net-worth individuals across global markets and India. Fund IV will continue on its long-standing strategy of providing customised, performing credit solutions to high-growth businesses across India and Singapore-Southeast Asia, with an emphasis on delivering low-volatility, attractive risk-adjusted returns for its investors … … This achievement follows the final close of the Ascertis Credit Select Short Term Income Fund – I (SSTIF Series – Fund I) earlier this year, which raised over 25% more than its initial target fund raise. Ascertis Credit has deployed over USD 1.5+ billion across its previous funds building a robust track record in India’s performing credit space. With teams based in Mumbai, Delhi, and Singapore, the firm combines deep local origination with institutional execution capabilities.”
“ India $1.5 Billion Private Credit Investment manager Ascertis Credit Raised $520 Million for 4th Private Credit Fund (Ascertis Credit Fund IV) with Target $1 Billion Fund Raise to Invest in Private Credit in India, Singapore & Southeast Asia, Founded in 2011 & Joined Baring Private Equity Asia (BPEA) as BPEA Credit in 2016 and Carved Out after BPEA Merged with EQT “
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Kanchan Jain, Head at Ascertis Credit “India is one of the largest and most exciting markets in Asia and the focus on private credit as a strong asset class has grown substantially in recent times. This resounding response to our Fund IV is a defining moment for us – not only in terms of scale but also the confidence from a diversified group of global and domestic investors. This validates our position as a pre-eminent and scale player in the space, the trust placed in our disciplined investment approach, deep sector expertise, and proven ability to deliver resilient returns across market cycles. With Fund IV, we continue to scale our investment program, supporting the capital needs of high growth corporates while creating consistent value for our investors.”
Ascertis Credit – Ascertis Credit is one of Asia’s leading multi-strategy private credit managers, sourcing off-market performing credit investments for its investors and providing customized capital solutions to established high-growth companies. In the 11years since inception, the team has raised, and manages five funds till date and has invested over USD 1.5+ billion across portfolio companies in multiple sectors. Ascertis Credit’s investment focus is on Asia ex-China, with an emphasis on India and Singapore-Southeast Asia, both of which represent some of the fastest growing yet most underpenetrated credit capital markets in the region. Ascertis Credit has built a strong sourcing and underwriting platform with a world-class 36-member team with offices in Singapore, Delhi and Mumbai.
India $1.5 Billion Private Credit Investment manager Ascertis Credit Raised $520 Million for 4th Private Credit Fund (Ascertis Credit Fund IV) with Target $1 Billion Fund Raise to Invest in Private Credit in India, Singapore & Southeast Asia, Founded in 2011 & Joined Baring Private Equity Asia (BPEA) as BPEA Credit in 2016 and Carved Out after BPEA Merged with EQT
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