About Company
Ascertis Credit
Ascertis Credit is a leading performing private credit investment firm in Asia, formerly known as BPEA Credit, with over a decade of experience in funding established, high-growth companies through tailored capital solutions. Since its founding in 2011, the firm has developed deep expertise in the private credit asset class, building a disciplined investment platform with institutional processes, strong transparency and a focus on quality deployment. Ascertis Credit manages multiple funds that provide customized non-dilutive financing to mid-market corporates across India and Southeast Asia, generating attractive risk-adjusted returns for its global institutional investor base. With a world-class team and offices in Singapore, Delhi and Mumbai, the firm blends local market insight with institutional execution capabilities. Ascertis Credit also integrates responsible investing practices and fosters a collaborative culture that values professional growth and long-term partnerships with its portfolio companies.
Fund Snapshot
Fund Purpose
The Ascertis Credit Select Short Term Income Fund I is engineered to meet specific investor demand for a shorter-duration private credit vehicle that delivers stable, predictable yield with accelerated liquidity. Operating as a SEBI-registered Category II Alternative Investment Fund (AIF), its core purpose is to provide customized, non-dilutive solution capital to performing mid-market enterprises across India and Southeast Asia. By prioritizing senior-secured, short-to-medium-term credit transactions, the fund bridges immediate corporate financing gaps for expansion or working capital, ensuring regular cash income distributions and rapid capital recycling for its contributors.
Fund Philosophy
High-Velocity Capital Recycling
We intentionally target shorter-maturity credit profiles to minimize overall duration risk. Our philosophy focuses on providing solution capital that can be deployed, monitored, and fully recovered within accelerated timeframes, allowing for quick capital turnaround and highly predictable liquidity windows for our investors.
Capital Preservation via Senior Collateral
Safeguarding investor capital is the absolute baseline of our credit selection framework. Every short-term private debt position is insulated with strict structural safeguards, requiring senior-secured asset backing, multi-layered corporate guarantees, and enforceable covenants to protect the portfolio from broader public market volatility.
Performing Credit Focus Over Distress
We completely avoid speculative, distressed, or deeply stressed turnaround asset strategies. We look exclusively for fundamentally sound, cash-generating mid-market companies that require bespoke short-term financing, ensuring our interest coupons and principal repayments are backed by steady, predictable operating cash flows.
Granular Sector Diversification
To maintain minimal portfolio volatility, we dynamically spread our private credit allocations across a highly diversified mix of non-cyclical industries. The fund systematically caps sector concentrations, favoring businesses driven by resilient local consumer demand, low capital expenditure intensities, and stable revenue streams.
Strict Fiduciary and Risk Governance
We treat institutional corporate governance as a vital asset class. In strict compliance with SEBI's regulatory frameworks for closed-ended AIFs, we execute our investment mandates with absolute structural transparency, employing zero fund-level leverage and maintaining continuous, rigorous post-investment tracking.
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Kanchan Jain
Kanchan Jain brings over 31 years to the table, with a background in things like corporate and structured finance, private credit, and loan and capital markets in Europe and Asia. She's got experience in originating, structuring, underwriting, and managing risk. As the Head of Ascertis Credit Group, Kanchan takes care of the whole shebang, from investments to everything else. In the past 11 years, she and her team turned Ascertis Credit into a top private credit group in Asia, homing in on the quickly expanding mid-market corporate scene. Before she came back to India in 2008, Kanchan was a Managing Director at HSBC in London for over ten years, and before that, a Director at Barclays Capital in Structured Credit. And before all that, she was working in Asian debt capitals, doing debt syndication, loan trading, and risk stuff in Hong Kong, and project finance in India. She’s lived and worked in India, Asia, and the UK, and has a Bachelor's in Electronics Engineering from VNIT and an MBA from IIM Kolkata.
Find answers to common questions about fund investments, performance, portfolio strategy, and investor services.
The fund is registered with and regulated by the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF) under registration number IN/AIF2/23-24/1447. It is structured as a closed-ended short-term private credit vehicle.
While the flagship Ascertis Credit India Funds (such as Funds III and IV) focus on multi-year, mid-market structural private debt, the Select Short Term Income Fund I specifically targets shorter-duration credit instruments. This design offers a faster liquidity timeline and more frequent cash distribution cycles.
In full compliance with the statutory guidelines mandated by SEBI for all Category II Alternative Investment Funds in India, the minimum investment contribution required for sophisticated individuals, family offices, and institutional allocators to participate is ₹1 Crore.
The fund successfully marked its final close by raising approximately ₹1,000 Crore (~INR 10 billion) from marquee global and domestic allocators. This substantially exceeded its initial baseline target corpus of ₹750 Crore, reflecting strong institutional demand for short-term yielding credit.
Exits are strictly engineered before any capital is drawn down. Due to the shorter-duration nature of the underlying credit positions, liquidity is achieved seamlessly through scheduled short-term principal amortization, mandatory refinancing milestones, target corporate liquidity events, or structured corporate buybacks.
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Disclaimer: Investing in AIF, PMS, Gift City or Mutual Fund is subject to market risk. Please read the related documents carefully. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments and market, economic, and individual company factors. We at ALTPORT do not guarantee any returns in the hands of investors, nor do we take any sort of accountability for the performance of the scheme.