The fund has achieved full repayment across all its investments as of April 29, 2026. It generated cumulative distributions of ₹1,953.4 crore against total commitments of ₹1,579.7 crore, translating into a gross internal rate of return (IRR) of around 14.3%.
The portfolio reported zero defaults during the entire investment tenure.
The closure comes amid growing interest in private credit as an alternative asset class in India and globally, supported by demand for yield-oriented strategies in a volatile market environment.
According to the fund details, key outcomes included strong credit underwriting and risk management across the lifecycle, with investments spanning 15 companies. The portfolio was diversified across sectors such as logistics, infrastructure, hospitality, pharmaceuticals, industrials and real estate.
Investments included exposure to entities linked to groups such as TVS Group, GMR Group, Shapoorji Pallonji Group, Purvankara Group, SAMHI Hotels, Shilpa Medicare, Westlife Foodworld-linked entities and Apeejay Surrendra Group.
