Fund News
Blacksoil targets Rs.500-Cr final close for second credit fund
Alternative credit platform BlackSoil is targeting a final close of its second fund, BlackSoil India Credit Fund II, at INR 500 crore. The firm has already received INR 300 crore and aims to achieve the target within the next 6 to 9 months.The firm launched its first credit fund in November 2020 and began deploying capital in early 2021. The fund has deployed INR 540 crore from its initial raise of INR 280 crore, through a redeployment strategy that reinvested returns. THe firm claims to have already returned 75% of the principal to its investors.
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