Ascertis Credit said commitments to its fourth private-credit fund topped $700 million by Oct. 21, adding to activity in an Indian market where EY measured $3.5 billion in first-half investment.
The manager said the latest close included commitments from new and returning investors based in India and abroad. It named insurers, development financial institutions and family offices among the participants.
The International Finance Corporation’s (IFC) project disclosure lists an indicative, board-approved equity investment of $50 million in Ascertis Credit GC Fund IV, proposed at up to $50 million. It records July 2, 2026, as the invested date, following approval on March 27 and signing on June 10. IFC expects the fund to direct most of its senior lending to mid-sized Indian businesses, with possible investments in Singapore and other Southeast Asian markets. The disclosure lists improved access to financing for Indian mid-market companies as an anticipated outcome.
For another India-focused manager, The Economic Times reported that institutional investors accounted for 22% to 25% of Neo Alternative Asset Managers’ ₹6,200 crore second special credit opportunities fund. Citing Neo, the outlet compared that share with 1% to 2% in the firm’s first fund. It also reported, citing Neo CEO Hemant Daga, that domestic insurers made up a large part of the institutional backing and overseas pension funds had committed.
Daga estimated annual investment opportunities at nearly ₹1 lakh crore, about twice the level three years earlier, The Economic Times reported.
EY said the H1 2026 total was broadly in line with the $3.4 billion it measured in H2 2025. The first-half figure covered more than 100 transactions above $10 million; domestic funds represented 74% of transaction value and nearly 79% of deal count.
In a June survey, nearly 73% of EY respondents expected private-credit activity to remain strong over the next one to two years. EY also pointed to refinancing needs, holding-company funding and acquisition financing as activity drivers.
