Global investment institution Lighthouse Canton has launched the LC Luminere Credit Fund, a SEBI-registered Category II Alternative Investment Fund (AIF), as it looks to capitalise on India’s rapidly expanding private credit market.
The fund is targeting a total corpus of ₹1,200 crore (approximately $130 million), including a greenshoe option, and will focus on structured credit opportunities across mid-sized and large Indian companies.
With a tenure of six years and an average investment cycle of nearly three years, the fund aims to generate stable cash yields along with attractive risk adjusted returns through senior secured lending strategies.
The launch comes at a time when India’s private credit ecosystem is witnessing accelerated growth, driven by rising demand for flexible financing solutions, refinancing requirements, acquisition funding, and growth capital among corporates.
According to Lighthouse Canton, the fund’s investment strategy will focus on senior secured structured credit transactions backed by strong collateral coverage and real economy businesses.
The fund plans to deploy capital across a broad range of opportunities, including:
- Growth financing
- Sponsor-backed transactions
- Acquisition funding
- Refinancing deals
- Cross-border structured credit opportunities
The investment platform will leverage Lighthouse Canton’s extensive origination network across Asia, including relationships with more than 500 issuers and over 1,000 promoter families, enabling access to proprietary deal flow.
The company added that the fund has already warehoused its initial investments and built an active pipeline spanning sectors such as industrials, diversified conglomerates, and consumer businesses.
Private credit has emerged as one of the fastest growing alternative asset classes in India over the past few years as traditional lenders adopt tighter underwriting standards and companies increasingly seek customised financing structures outside conventional banking channels.
Industry experts believe India’s private credit market could see significant expansion over the next decade, supported by rising entrepreneurial activity, infrastructure spending, succession-led financing, and increasing institutional participation.
Lighthouse Canton currently manages more than $5 billion in assets under management (AUM) and operates across Singapore, Dubai, India, and London with a team of over 220 professionals.
The launch of the LC Luminere Credit Fund further strengthens the firm’s alternatives platform and underlines growing investor confidence in India’s evolving private capital markets.