+
Artha Global Makes India Debut with Rs 7 billion Private Credit Deal
Company News

Artha Global Makes India Debut with Rs 7 billion Private Credit Deal

Artha Global Opportunities Fund, one of the largest Category III AIFs based in GIFT City, has announced its first private credit investment in India with an infusion of Rs 7 billion into Phoenix Triton, a 2.8 million sq ft commercial real estate development in Hyderabad’s financial district. 

The funding is structured as a four-year non-convertible debenture (NCD) with a variable return model linked to the project’s sales performance. With both floor and cap interest rates, the structure aims to reduce cash flow pressures on the developer while offering investors upside aligned with project revenue. 

Sachin Sawrikar, Managing Partner, Artha Bharat Investment Managers IFSC LLP, said, 

“As we debut the first private credit investment from our over Rs 5,000 crore Artha Global Opportunities Fund, we are bringing to the market innovative structures that solve for real world business challenges faced by Indian entrepreneurs. This structured funding for this Phoenix Global Spaces project will provide last-mile financing for a high-quality project nearing completion.” 

AZB & Partners handled the legal documentation while BSR & Co (KPMG India) advised on tax structuring. 

This investment aligns with Artha Global’s three-pillar strategy: 

Investing in distressed assets in India and globally; 

Providing private credit to profitable Indian businesses needing flexible capital; 

Making active PE-style investments, including venture debt. 

Phoenix Global Spaces, with over 24 years in Hyderabad’s real estate market and a 40 per cent market share, is developing Phoenix Triton on a 3.15-acre site. The G+41 floor LEED Gold-certified tower will feature modern amenities such as double-height lobbies, landscaped gardens, sky lounges, a Clubhouse, Sports Arena, Business Centre, power backup, 24x7 water supply, rainwater harvesting, and STP systems. 

Once completed, the project is expected to become a landmark Grade-A office space, enhancing Hyderabad’s position as a prime business destination. 

“With our deep networks in India we look forward to connecting global capital pools with entrepreneurs with innovative value creating propositions that reinforce India’s attraction on the global stage,” added Sawrikar. 

The transaction underscores Artha Global’s focus on real-economy investments using bespoke capital structures that reflect ground realities. 

Artha Global Opportunities Fund was the first distressed asset Category III AIF registered as an FPI with SEBI to shift from Mauritius to India. It now ranks among the top 10 fund managers in GIFT City by assets under management, office presence, and employee strength. 

This investment marks a new phase in India’s private credit ecosystem—blending innovative financing with sectoral depth to create growth-driven and investor-aligned solutions. 

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Artha Global Opportunities Fund, one of the largest Category III AIFs based in GIFT City, has announced its first private credit investment in India with an infusion of Rs 7 billion into Phoenix Triton, a 2.8 million sq ft commercial real estate development in Hyderabad’s financial district. The funding is structured as a four-year non-convertible debenture (NCD) with a variable return model linked to the project’s sales performance. With both floor and cap interest rates, the structure aims to reduce cash flow pressures on the developer while offering investors upside aligned with project revenue. Sachin Sawrikar, Managing Partner, Artha Bharat Investment Managers IFSC LLP, said, “As we debut the first private credit investment from our over Rs 5,000 crore Artha Global Opportunities Fund, we are bringing to the market innovative structures that solve for real world business challenges faced by Indian entrepreneurs. This structured funding for this Phoenix Global Spaces project will provide last-mile financing for a high-quality project nearing completion.” AZB & Partners handled the legal documentation while BSR & Co (KPMG India) advised on tax structuring. This investment aligns with Artha Global’s three-pillar strategy: Investing in distressed assets in India and globally; Providing private credit to profitable Indian businesses needing flexible capital; Making active PE-style investments, including venture debt. Phoenix Global Spaces, with over 24 years in Hyderabad’s real estate market and a 40 per cent market share, is developing Phoenix Triton on a 3.15-acre site. The G+41 floor LEED Gold-certified tower will feature modern amenities such as double-height lobbies, landscaped gardens, sky lounges, a Clubhouse, Sports Arena, Business Centre, power backup, 24x7 water supply, rainwater harvesting, and STP systems. Once completed, the project is expected to become a landmark Grade-A office space, enhancing Hyderabad’s position as a prime business destination. “With our deep networks in India we look forward to connecting global capital pools with entrepreneurs with innovative value creating propositions that reinforce India’s attraction on the global stage,” added Sawrikar. The transaction underscores Artha Global’s focus on real-economy investments using bespoke capital structures that reflect ground realities. Artha Global Opportunities Fund was the first distressed asset Category III AIF registered as an FPI with SEBI to shift from Mauritius to India. It now ranks among the top 10 fund managers in GIFT City by assets under management, office presence, and employee strength. This investment marks a new phase in India’s private credit ecosystem—blending innovative financing with sectoral depth to create growth-driven and investor-aligned solutions. 

Next Story
Infrastructure Urban

Delivering metals in 24 hours with AI

India’s metal supply chain has long struggled with delays, fragmentation and lack of transparency, forcing purchase teams to chase vendors and juggle uncertain stock. Enlight Metals is tackling these inefficiencies with an AI-powered aggregation platform, multilingual voice-enabled procurement and strategically located dark stores that enable 24-hour delivery – transforming how OEMs, EPCs and infrastructure players source their metals. In a conversation with CW, Dhananjay Goel, Director, and Vedant Goel, Director, shares how the company is reshaping procurement. What problem..

Next Story
Infrastructure Urban

Silvin's CPVC Additive Gets NSF® Certification for Safety

Silvin Additives, a prominent manufacturer of PVC and CPVC additives, has secured the NSF® Guideline 533 certification for its CPVC Super1Pack formulation. This certification affirms the additive’s compliance with stringent international health and safety standards for products intended for drinking water applications.Awarded by NSF, a globally respected public health and safety authority based in Michigan, United States, the certification is granted only after rigorous product testing and inspection. NSF® Guideline 533 specifically assesses the safety of chemical ingredients used in produ..

Next Story
Infrastructure Urban

Mitsubishi Halts Offshore Wind Projects in Japan

Mitsubishi Corporation (MC) has announced its decision to withdraw from three major offshore wind projects off the coast of Japan due to a significant shift in global business conditions. The projects were being developed through a consortium led by its subsidiary, Mitsubishi Corporation Offshore Wind Ltd., and were located off the shores of Noshiro City, Mitane Town, and Oga City in Akita Prefecture; Yurihonjo City in Akita Prefecture; and Choshi City in Chiba Prefecture.The company stated that following a review initiated in February 2025, it concluded the projects were no longer viable. The..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?