DMI Alternatives raises $120-M for private credit fund

New Delhi-based DMI Alternatives has raised USD 120 million for its first private credit fund. Harein Uppal, a former Ontario Municipal Employees Retirement System investor, has been hired to lead the fund.DMI Alternatives is an affiliate of DMI Finance, which is backed by Japan’s Mitsubishi UFJ Financial Group and Sumitomo Mitsui Trust Bank Ltd.The fund will focus on investing in healthcare, technology, and financial services sectors.