TVS Alternatives targets Rs.1,250-Cr for maiden private credit fund

Chennai-based TVS Capital has launched a private credit platform under the brand TVS Alternatives. It is targeting INR 750 crore for its maiden fund - with a green-shoe option of INR 500 crore - to be raised from insurance companies, banks and corporates. The fund will provide secured loans in the INR 40-100 crore range as bridge financing, pre-IPO funding and financing for mergers and acquisitions.TVS Capital owns 90% of TVS Alternatives, with Co-founder & Executive Chairman of the new platform, Shyam Srinivasan, holding the remainder and spearheading the venture. Manish Makaria will serve as the Managing Partner of TVS Alternatives.