360 ONE Asset has closed its fifth vintage private credit strategy with total commitments of about Rs 3,500 crore (around $400 million), including managed assets, per an announcement.
Aakash Desai, CIO and Head of Private Credit at 360 ONE Asset, said the fund received strong investor support.
With the closing of this fund, 360 ONE Asset’s private credit business now manages around Rs 15,200 crore (about $1.7 billion) in assets.
“India’s private credit market is at a structural inflection point, supported by strong economic growth, increasing formalisation of capital, and rising demand for flexible financing solutions,” said Desai in a statement.
“For global and domestic institutional investors, private credit offers a compelling value proposition, with attractive yield premiums, strong covenant protections, and access to high-growth businesses in a large and underpenetrated credit market,” he added.
The fund will invest in loans to established Indian companies. It will focus on protecting investors’ money while offering returns through structured financing deals designed to meet companies’ funding needs.
Apart from credit investments, 360 ONE Asset also runs equity funds that invest in sectors such as technology, financial services, industrials and manufacturing, healthcare, and consumer businesses.
In other developments in the private credit space, Motilal Oswal Alternates (MO Alts) announced the first close of its maiden private credit fund at Rs 1,700 crore ($187 million) late last month. Launched in January 2026, the India Credit Excellence Fund–I is targeting a total corpus of Rs 3,000 crore, including a greenshoe option.
