Ascertis Credit announced it has achieved a $520 million first close for its new private credit fund—one of the largest vehicles of its kind in India, marking a major milestone in the region’s rapidly expanding private credit landscape.
The first close concludes the fund’s initial offer period, and Ascertis continues to target a $1 billion total raise, supported by strong demand from institutional investors, family offices, and high-net-worth individuals across global markets and India. The fund is designed to provide financing to high-growth businesses across India and Singapore–Southeast Asia, positioning Ascertis as a key player in the region’s evolving private credit ecosystem.
Private credit boom continues across global markets
The raise comes amid a global surge in private credit, with Asia increasingly viewed as the sector’s next major growth frontier. In India, private credit has grown rapidly as companies seek capital for acquisitions, dividend recapitalization, and promoter financing, opening new avenues for lenders able to move quickly and structure flexible deals.
Just days earlier, a senior Bain Capital executive told Reuters that Asia offers the strongest growth opportunities worldwide, downplaying concerns about systemic risks in the global private credit market. Ascertis’ successful raise reinforces that view, signaling robust investor appetite despite broader macro uncertainty.
With $520 million already secured and momentum building, Ascertis is well positioned to deepen its role in the region’s growth capital markets—and potentially shape the next chapter of private credit in Asia.