DMI Alternatives has closed a $120 million corporate private credit fund aimed at providing flexible financing to performing, cash-flowing Indian companies. The raise underscores rising demand for non-dilutive credit capital in India, as corporates increasingly seek diversified funding beyond banks and public markets. The strategy will be led by Harein Uppal.
Bespoke Financing for High-Potential Indian Enterprises
The fund will focus on delivering customised credit solutions tailored to mid-market companies positioned for sustainable long-term growth. DMI Alternatives plans to deploy capital across sectors benefiting from India’s economic momentum, including healthcare, technology, business services, manufacturing, and financial services.
Private Credit Accelerates as India’s Economy Expands
India’s financing landscape is evolving rapidly, driven by structural reforms, rising domestic consumption, and increased allocations from both global and domestic investors. As liquidity needs diversify, private credit has emerged as a critical capital source, complementing traditional banking channels and public markets. With India being the world’s fastest-growing major economy, demand for bespoke credit structures continues to rise.
Focus on Strong Cash Flows and Robust Fundamentals
DMI Alternatives’ private credit strategy is built on backing mid-market companies with resilient cash flows, strong fundamentals, and stable growth trajectories. The fund offers flexible debt and hybrid structures, providing businesses with long-term capital while preserving ownership.
Part of DMI’s Broader Alternatives Platform
DMI Alternatives manages assets across three major verticals:
• Real Estate (OKAS)
• Venture Capital (DMI Sparkle Fund)
• Private Credit
The firm’s private credit mandate is specifically geared toward performing Indian enterprises, aligning with the broader shift toward structured, institution-led financing within India’s corporate ecosystem.
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