360 ONE Asset Management is preparing to launch its sixth private credit fund with a target size of up to $500m, according to people familiar with the plans, highlighting continued investor demand for private debt opportunities in India, according to a report by Bloomberg.
The report cites unnamed sources as revealing that the fund could launch as early as June and is expected to attract capital from domestic high-net-worth individuals and family offices, alongside institutional investors from overseas.
The planned fundraising comes at a time when the global private credit market has shown signs of cooling amid concerns over loan quality and heightened exposure to software companies facing potential disruption from advances in artificial intelligence.
India’s private credit market, however, has remained comparatively robust. Recent activity in the sector includes Lighthouse Canton launching a new fund targeting INR12bn, while InCred Alternative Investments recently completed fundraising for its inaugural special situations credit strategy at INR15bn.
In March, 360 ONE Asset closed its fifth private credit vehicle at around $400m. The forthcoming fund is expected to focus on financing mid-market companies and special situations transactions, including acquisition funding, refinancing opportunities and stake purchases from existing shareholders.
According to company data, the firm’s alternatives platform — which includes private credit, private equity and real estate strategies — grew 23% year-on-year to INR5.8tn ($60bn) by the end of the 2026 financial year.
360 ONE Asset Management reportedly did not immediately respond to a request for comment.
