India’s 360 ONE Asset looking to raise $500m for new credit fund

India’s 360 ONE Asset Management is readying to rise arsenic overmuch arsenic $500m for its sixth backstage recognition fund, according to Bloomberg, which cited radical acquainted with the matter.

The money could beryllium launched arsenic aboriginal arsenic June, the study said.

It is expected to people affluent individuals and household offices successful India, on with overseas organization investors.

The sources were not identified due to the fact that the discussions are private.

360 ONE Asset did not instantly respond to an email from Private Banker International seeking comment.

The fundraising effort comes arsenic the wider $1.8 trillion backstage recognition marketplace has slowed, amid concerns implicit indebtedness prime and vulnerability to bundle borrowers that could beryllium affected by advances successful artificial intelligence.

India, however, has continued to spot dependable fundraising enactment successful the segment.

Last week, Lighthouse Canton launched a money with a Rs12bn ($123.7m) target.

Earlier, successful March, 360 ONE Asset closed its 5th money astatine astir $400m.

In April, InCred Alternative Investments closed its archetypal peculiar situations recognition money astatine Rs15bn.

According to the report, the caller fund’s proceeds volition beryllium utilized to backmost mid-sized companies and peculiar situations.

This includes acquisition financing, refinancing and involvement buyouts from existing investors.

Company information showed that 360 ONE Asset’s alternatives business, spanning backstage credit, existent property and backstage equity strategies, roseate 23% to Rs5.8 trillion ($60bn) astatine the extremity of the fiscal twelvemonth 2026.

Bain Capital precocious raised $10.5bn for Bain Capital Asia Fund VI, including $9.1bn from outer investors.

The remainder came from commitments by Bain Capital’s partners, employees and related entities. The steadfast said these unneurotic made up the fund’s largest azygous capitalist group. T

he money closed supra its archetypal $7bn target, according to a institution statement.

"India’s 360 ONE Asset looking to rise $500m for caller recognition fund" was primitively created and published by Private Banker International, a GlobalData owned brand.

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