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.
Ascertis Credit India Fund IIA
(Formerly known as BPEA Credit India Fund IIA)
Fund Snapshot
| Parameter | Details |
| Fund Name | Ascertis Credit India Fund IIA |
| AIF Category | Category II AIF |
| SEBI Registration Number | IN/AIF2/18-19/0596 |
| Investment Manager | Ascertis Investment Managers Private Limited |
| Legal Structure | SEBI Registered Alternative Investment Trust |
| Minimum Contribution | ₹1 Crore |
| Primary Asset Class | Performing Private Credit & Structured Debt |
Fund Purpose
The Ascertis Credit India Fund IIA is engineered to capture robust, risk-adjusted returns by providing customized private credit solutions to mid-market Indian enterprises. Functioning as a SEBI-registered Category II Alternative Investment Fund (AIF), its core purpose is to bridge the structural corporate financing gap left unaddressed by traditional commercial banks. The fund channels institutional and high-net-worth capital directly into revenue-generating companies, providing vital credit for expansion, corporate restructuring, and acquisition financing while maintaining stringent structural protections for its investors.
Fund Philosophy
Capital Preservation via Strong Security Collateral
Our primary focus is safeguarding investor capital. Every credit transaction is underpinned by a strict margin of safety, featuring senior-secured asset backing, multi-layered corporate guarantees, and enforceable structural covenants that significantly isolate the portfolio from market-wide drawdowns.
Mid-Market Credit Arbitrage
We deliberately specialize in mid-tier corporate credit, a highly fragmented landscape where high-quality companies are often under-served by conventional lending infrastructure. This focused positioning enables us to capture healthy yield premiums and superior deal-structuring terms compared to public debt or top-tier corporate credit.
Process-Driven Quantitative Underwriting
We completely bypass speculative or narrative-driven lending. Our team utilizes a strict, data-led quantamental framework that dissects cash-flow resilience, defensive operating metrics, and historical corporate balance sheets, ensuring that debt service capabilities remain intact even through tough macroeconomic cycles.
Diversified Secular Allocation
To keep overall portfolio volatility low, we spread out credit exposure across a wide array of resilient, non-cyclical industries. The fund avoids high-beta sectors, focusing instead on sectors with strong underlying consumer demand, visible cash visibility, and robust asset turnarounds.
Absolute Transparency and Regulatory Guardrails
We treat fiduciary governance as a vital asset. In complete alignment with SEBI's strict frameworks for Category II AIFs, we execute our investment mandates with full structural transparency, zero fund-level leverage, and deep operational risk screening at every stage of the credit lifecycle.
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/AIF2/18-19/0596. It operates as a strict, closed-ended private debt investment pool.
The fund was originally launched and registered under the corporate banner BPEA Credit India Fund IIA. Following institutional restructuring and a global re-branding cycle, the legal name was officially updated to Ascertis Credit India Fund IIA to reflect its current asset management ecosystem.
In strict compliance with the structural regulatory thresholds mandated by SEBI for all Category II Alternative Investment Funds in India, the minimum investment contribution required for domestic individuals, family offices, and institutional allocators to subscribe is ₹1 Crore.
Unlike traditional equity funds that rely on valuation expansion or volatile public stock prices, this fund generates returns via performing private credit. It collects predictable contractual interest payouts, structured redemption premiums, and milestone repayments from its borrow-partners.
Liquidity and exits are explicitly engineered into the credit terms prior to closing. Positions are liquidated via scheduled principal amortization, mandatory refinancing milestones, target corporate liquidity events (such as an IPO or strategic stake sale), or structured promoter 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.