+
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

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?