Fund News
HDFC AMC to launch Rs.2,500-Cr private credit fund
Mumbai-based HDFC Asset Management has launched its Structured Credit Fund-I, targeting a corpus of INR 1,500 crore with a green-shoe option of up to INR 1,000 crore, bringing the total potential size to INR 2,500 crore. International Finance Corp. (IFC), the World Bank Group's private-sector arm, has committed INR 220 crore as an anchor investor, with the remaining capital sourced from institutional investors, family offices, and ultra-high-net-worth individuals. HDFC AMC will contribute up to 14% of the fund's corpus.The fund aims to generate annual returns of 14-17% over a 4-6-year period by investing in secured, sector-agnostic credit instruments, excluding real estate, focusing on providing structured and flexible financing to growth-stage companies underserved by traditional lenders. The fund has already committed INR 380 crore across three transactions and secured approximately INR 1,290 crore at its first close, with an initial drawdown plan of nearly 30%. HDFC AMC also plans to roll out another alternative asset product, building on its prior launch of a venture capital and private equity fund-of-funds.
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