Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
360 ONE Asset Management raises Rs.2,130-Cr for 4th credit fund
360 ONE Asset Management (formerly IIFL Asset Management), an alternative investment solution provider, has raised its fourth private credit fund of INR 2,130 crore, exceeding the target corpus of INR 1,500 crore with a greenshore option.The fundraise saw participation from corporate treasuries, family offices, high-net-worth individuals and domestic financial institutions. The fund is sector-agnostic focused on providing flexible secured credit solutions to clients. It has already deployed a significant amount across diversified sectors and has a pipeline for further investments. With the closure of this fund, the AUM of the private credit strategy under 360 ONE Asset has moved closer to USD 1 Billion. It aims to achieve this milestone in FY24.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.