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
| Parameter | Details |
| Fund Name | Ascertis Credit India Fund III |
| AIF Category | Category II AIF |
| SEBI Registration Number | IN/AIF2/20-21/0820 |
| Investment Manager | Ascertis Investment Managers Private Limited |
| Legal Structure | SEBI Registered Alternative Investment Trust |
| Minimum Contribution | ₹1 Crore |
| Primary Focus | Performing Mid-Market Private Credit & Structured Debt |
Fund Purpose
The Ascertis Credit India Fund III is structured to capture compelling, risk-adjusted returns by providing highly customized corporate private credit and non-dilutive capital solutions to mid-and-large market companies in India. Functioning as a SEBI-registered Category II Alternative Investment Fund (AIF), its core purpose is to bridge the expanding debt capital gap within the Indian corporate ecosystem, where mid-market expansion remains underserved by traditional banking channels. The fund channels institutional, family office, and high-net-worth capital directly into stable, cash-flow-positive businesses requiring capital for capacity expansions, acquisition financing, or capital model structuring.
Fund Philosophy
Prioritization of Capital Preservation
Our foundational baseline across all market cycles is protecting our investors' capital. Every transaction is underpinned by thorough credit underwriting, requiring substantial security collateral, senior-secured asset backing, multi-layered corporate guarantees, and enforceable financial covenants designed to mitigate downside risk.
Capitalizing on the Corporate Credit Gap
We look past short-term public market trends and focus on the deep structural opportunities in private credit. By targeting established businesses with high-growth potential that need bespoke financing instead of dilutive equity or standard bank debt, we capture healthy structural yield premiums.
Quantamental Cash-Flow Analysis
We entirely bypass narrative-driven speculative lending. Our underwriting team deploys a meticulous data-led research framework that breaks down historical cash-flow resilience, balance sheet debt metrics, and structural competitive advantages to guarantee that debt-servicing capabilities remain completely intact through varying economic environments.
Uncorrelated Sector Diversification
To maintain minimal portfolio volatility, we distribute credit allocations dynamically across a wide spectrum of resilient, non-cyclical industries. The fund avoids speculative or high-beta sectors, favoring businesses built on sustainable local consumer demand, clear visibility of earnings, and rapid asset turnarounds.
Rigid Institutional Fiduciary Governance
We treat corporate governance and transparent compliance as a critical asset class. In strict adherence to SEBI's frameworks for closed-ended Category II AIFs, we manage our private credit allocations with absolute structural transparency, applying zero fund-level leverage and comprehensive post-investment portfolio 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 and regulated by the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF) under the official registration code IN/AIF2/20-21/0820, operating as a strict closed-ended private debt vehicle.
The fund platform was originally launched and pioneered under the BPEA Credit India banner. Following a comprehensive global re-branding and structural evolution cycle, the platform was updated to Ascertis Credit to reflect its status as a premier independent alternative asset manager in Asia.
In full compliance with the statutory thresholds instituted 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 acts as a versatile institutional credit partner, providing flexible, non-dilutive Growth Capital for asset acquisition or new project execution, Capital Structuring for stake buy-outs or group consolidations, and Transactional Financing for specific corporate situations.
Exits and liquidity mechanisms are explicitly engineered directly into the credit transaction terms before deployment. Typical liquidation routes include scheduled principal amortization tranches, mandatory corporate refinancing milestones, promoter buybacks, or cash liquidity events such as an IPO or a strategic trade sale.
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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.