Sundaram Alternates Closes First Corporate Credit Fund
ECONOMY & POLICY

Sundaram Alternates Closes First Corporate Credit Fund

Sundaram Alternates announced the first closing of its inaugural corporate credit fund, Sundaram Emerging Corporate Credit Opportunities Fund - Series I [ECCO I], at Rs 2.05 billion. The ECCO I und, which will be launched in June 2022, is a SEBI-approved category II AIF with a Rs 5 billion green shoe option.

The fund attracted participation from prominent family offices, corporate treasuries, and high net worth individuals [HNIs] and received approximately 40% subscription in the first close within 5 months of its introduction.

“With a focus on small and mid marked borrowers who are struggling to access capital from regular institutional lenders, ECCO I will invest via high yielding debentures and mezzanine securities in a portfolio of companies across MSME, SME, Fintech, Manufacturing, and Services. This is a space that has an estimated USD 4-7 billion credit demand in India,” the company said in a release.

With Sundaram Finance Group's backing, the fund will offer a differentiated value proposition in the market, with a unique fund design, stringent credit standards to preserve capital, and risk-adjusted return structures for investors.

Vikaas M Sachdeva, Managing Director, Sundaram Alternates, and Karthik Athreya, Director and Head of Strategy - Alternative credit- Sundaram Alternates, both commented on the first close, “Private credit in India is at an inflection point, and we see this asset class evolving significantly similar to globar markets. We are well-positioned to capitalize on new opportunities created by the current economic environment. India’s macros look favorable, and the country is set to become the fastest growing economy in the world. We look forward to receiving strong investor interest as well as finding attractive deployment opportunities for our strategy which is well positioned in this environment.”

SEE ALSO:
India's new Foreign Trade Policy aims for $2 trillion in exports by 2030
SIDBI to fund 50,000 EVs for MSMEs


Sundaram Alternates announced the first closing of its inaugural corporate credit fund, Sundaram Emerging Corporate Credit Opportunities Fund - Series I [ECCO I], at Rs 2.05 billion. The ECCO I und, which will be launched in June 2022, is a SEBI-approved category II AIF with a Rs 5 billion green shoe option. The fund attracted participation from prominent family offices, corporate treasuries, and high net worth individuals [HNIs] and received approximately 40% subscription in the first close within 5 months of its introduction. “With a focus on small and mid marked borrowers who are struggling to access capital from regular institutional lenders, ECCO I will invest via high yielding debentures and mezzanine securities in a portfolio of companies across MSME, SME, Fintech, Manufacturing, and Services. This is a space that has an estimated USD 4-7 billion credit demand in India,” the company said in a release. With Sundaram Finance Group's backing, the fund will offer a differentiated value proposition in the market, with a unique fund design, stringent credit standards to preserve capital, and risk-adjusted return structures for investors. Vikaas M Sachdeva, Managing Director, Sundaram Alternates, and Karthik Athreya, Director and Head of Strategy - Alternative credit- Sundaram Alternates, both commented on the first close, “Private credit in India is at an inflection point, and we see this asset class evolving significantly similar to globar markets. We are well-positioned to capitalize on new opportunities created by the current economic environment. India’s macros look favorable, and the country is set to become the fastest growing economy in the world. We look forward to receiving strong investor interest as well as finding attractive deployment opportunities for our strategy which is well positioned in this environment.” SEE ALSO: India's new Foreign Trade Policy aims for $2 trillion in exports by 2030 SIDBI to fund 50,000 EVs for MSMEs

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement