Ascertis Credit has raised $520m at the first close of its Asia-focussed private credit fund. The firm is targeting a $1bn final close for the vehicle which has attracted interest from institutional investors, family offices, and HNWIs.
The fund will provide private credit to growth-stage businesses in India and Singapore-Southeast Asia, targeting opportunities such as acquisitions, dividend recapitalisations, and promoter funding.
The raise comes amid a broader boom in private credit across the region, with Asia seen as a key growth market for alternative lending.
