From The Economic Times · Shilpy Sinha · · 1m
Singapore-based Ascertis Credit secures $700 million for Fund IV
Singapore-based Ascertis Credit Group raises $700 million for its fourth private credit fund.
In brief
Singapore-based Ascertis Credit Group raises $700 million for its fourth private credit fund. Singapore-based Ascertis Credit Group secured over $700 million in commitments for Fund IV, targeting mid-teens returns from investments in Asia. Originally reported by The Economic Times.
Ascertis Credit Group secures $700 million
Singapore-based Ascertis Credit Group has secured more than $700 million in commitments for its fourth private credit fund, Fund IV.
Targeting mid-teens returns
Kanchan Jain, head of Ascertis Credit Group, said Fund IV is targeting returns in the mid-teens.
Investment sources
The fund attracts interest from insurance companies, pension funds, development finance institutions, and large family offices.
Fund deployment strategy
Ascertis Credit has begun deploying capital with a pipeline of 35-40 companies for its diversified portfolio.
Investment focus
The fund focuses on Asia, especially India, Singapore, and Southeast Asia, excluding China.
Past performance
Over 12 years, Ascertis Credit invested about $2 billion across five funds in multiple sectors.
The bottom line
Singapore-based Ascertis Credit Group secured over $700 million in commitments for Fund IV, targeting mid-teens returns from investments in Asia.
