Fund News
Ascertis Credit launches $1-B private credit fund, raises $520-M in first close
Private Equity firm Ascertis Credit (formerly BPEA Credit) has launched its fourth private credit fund, targeting USD 1 billion, and has successfully raised USD 520 million in its first close. This capital was secured from a diverse group of existing and new institutional investors, family offices, and high-net-worth individuals spanning global markets and India.This new fund follows the final close of its INR 1,000 crore short-term income fund earlier this year, which exceeded its initial target by over 25%.Rebranded from BPEA Credit in 2024, Ascertis Credit has raised three prior funds and has invested over USD 1.5 billion in the past decade, with previous fund sizes being USD 161 million, USD 221 million, and USD 475 million. India remains the largest market for Ascertis Credit, with Southeast Asia also being a key focus.
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