Fifth fund to offer structured credit to Indian businesses
360 ONE Asset has closed its fifth private credit fund with a corpus of $400 million (approximately Rs 3,500 crore). The fund will focus on providing structured and innovative credit solutions to high-quality Indian companies seeking flexible financing options beyond traditional banking channels.
Strong investor participation across institutional and private capital
The fund has attracted capital from a diversified group of investors including pension funds, insurance companies, family offices, and high-net-worth individuals. The participation reflects rising institutional interest in alternative assets, particularly private credit, as investors look for stable yield opportunities and exposure to India’s growing corporate sector.
Rising demand for flexible financing in India’s credit market
According to Aakash Desai, Chief Investment Officer and Head of Private Credit at 360 ONE Asset, India’s private credit market is reaching a structural inflection point driven by strong economic growth, increasing formalisation of capital, and demand for non-bank financing solutions. Private credit offers investors attractive yield premiums, strong covenant protections, and access to high-growth companies in an underpenetrated credit market.
Private credit ecosystem witnessing rapid expansion
With the closing of its fifth fund, 360 ONE aims to strengthen its position among India’s leading private credit managers. Over the past 12 to 18 months, several firms including DMI Alternatives, Ascertis Credit, Motilal Oswal Alternates, ASK Group, True North, Edelweiss, Multiples Alternate Asset Management, Prabhudas Lilladhar, and Vivriti Asset Management have launched private credit funds. Global investment firms such as Blackstone and Bandhan AMC are also entering the segment, while the National Investment and Infrastructure Fund has announced a $2 billion initiative to attract global capital to the asset class.
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