DMI Alternate options has introduced the closure of a $120 million increase for a company non-public credit score fund centered on investing in performing and cash-flowing Indian corporations.

The increase underscores the rising demand for versatile credit score capital amongst corporates on the planet’s fastest-growing main economic system, as companies search diversified financing past conventional channels. The technique will likely be led by Harein Uppal, who brings a wealth of worldwide expertise in non-public credit score investing.

With this technique, DMI Alternate options goals to supply bespoke financing options tailor-made to Indian corporations well-positioned for sustainable development. The fund maintains a give attention to Healthcare, Expertise, Enterprise Providers, Manufacturing, and Monetary Providers—sectors that profit from secular tailwinds driving India’s financial enlargement.

Harein Uppal, Head of Non-public Credit score Investments at DMI Alternate options, stated, “India’s company credit score markets signify a major alternative to again high- high quality corporations that may form the nation’s future. Conventional banking and capital markets alone can’t meet the ambitions of at this time’s corporations, that are in search of versatile capital options”

He added, “We need to again companies with sturdy fundamentals and a transparent development runway—corporations that may ship each financial and social worth. This fund is a step in direction of bridging that capital hole responsibly and strategically.”

Shivashish Chatterjee, Co-Founder, DMI Alternate options, stated, “India’s mid-market continues to drive significant development and innovation. With DMI Non-public Credit score, our focus is to enhance current financing channels by offering versatile and accountable capital that helps companies develop with stability. We see this as a long- time period alternative for buyers to take part in India’s evolving enterprise panorama.”

Yuvraja C. Singh, Co-Founder, DMI Alternate options, stated, “Our goal is to companion with sturdy Indian enterprises which can be scaling sustainably and want versatile capital to do it. We see a protracted runway for personal credit score in India, and this technique positions us to assist corporations constructing long-term worth and resilience.”

DMI Alternate options is an alternate asset administration agency headquartered in New Delhi, managing investments throughout three core methods — Actual Property (OKAS), Enterprise Capital (DMI Sparkle Fund) and Non-public Credit score. The Non-public Credit score technique offers bespoke financing options to performing, cash-flowing Indian corporations with sturdy fundamentals and sustainable development trajectories. Centered on mid-market enterprises, it gives versatile capital by debt and hybrid buildings.