Amid growing demand for private credit in India, Sundaram Alternates has made the first close of its corporate credit fund at Rs 205 crore ($25.31 million) to tap companies struggling to raise capital from regular institutional lenders in a tough market.
“In the backdrop of volatile equity markets, the strong demand for debt funds is visible among various investor categories,” Vikaas M Sachdeva, Managing Director at Sundaram Alternates, told DealStreetAsia.