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 India Credit Investments Trust II |
| AIF Category | Category II AIF |
| SEBI Registration Number | IN/AIF2/16-17/0294 |
| Investment Manager | Ascertis Investment Managers Private Limited |
| Structure | Closed-Ended Private Credit / Alternative Investment Trust |
| Minimum Contribution | ₹1 Crore |
| Primary Asset Class | Performing Mid-Market Private Credit & Structured Corporate Debt |
Fund Purpose
The Ascertis India Credit Investments Trust II is established to deliver strong, uncorrelated risk-adjusted returns by providing flexible, customized private credit solutions to mid-and-large market Indian enterprises. Operating as a SEBI-registered Category II Alternative Investment Fund (AIF), its core purpose is to address the acute institutional credit shortage faced by performing companies that require non-dilutive capital for growth capex, structural acquisitions, or working capital. The fund bridges the gap between traditional banking limitations and public bond market rigidities, channeling sophisticated private capital directly into stable, cash-generating businesses.
Fund Philosophy
Absolute Priority of Capital Preservation
Protecting investor capital serves as our baseline across all market cycles. Every structured credit transaction is backed by strict collateral frameworks, requiring senior-secured asset charges, corporate guarantees, and enforceable covenants that insulate the portfolio from broader market-wide drawdowns.
Targeted Mid-Market Alpha Sourcing
We focus exclusively on the fast-growing mid-to-large corporate segment, where established companies possess solid market share but face restricted access to traditional bank financing. This structural supply gap allows us to negotiate superior transaction terms and secure highly attractive yield premiums for our allocators.
Rigorous Cash-Flow Underwriting
We completely bypass speculative lending or story-driven venture configurations. Our credit underwriting team utilizes a meticulous, data-driven quantitative framework to analyze asset turnaround speeds, long-term balance sheet leverage metrics, and historical cash-flow resilience to ensure debt-service capabilities remain robust.
Uncorrelated Asset Diversification
To keep portfolio-level volatility exceptionally low, we dynamically spread our private debt allocations across a wide array of resilient, non-cyclical industrial segments. The fund enforces strict single-borrower and sector concentration limits, avoiding high-beta spaces in favor of businesses driven by sustainable secular demand.
Institutional Fiduciary Governance
We treat corporate transparency and rigorous compliance as a foundational asset class. Operating under strict SEBI frameworks for closed-ended Category II AIFs, we manage our private credit allocations with full structural transparency, utilizing zero fund-level leverage and maintaining continuous, active 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 trust is officially 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/AIF2/16-17/0294. It operates as a strict, closed-ended private credit and structured debt pool.
The investment platform was originally pioneered and managed under the BPEA Credit India corporate banner. Following a comprehensive structural evolution and global re-branding cycle, the legal entities were updated to Ascertis Credit to reflect its standing as a premier independent alternative asset manager in Asia.
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 sophisticated individuals, family offices, and institutional allocators to subscribe is ₹1 Crore.
Unlike equity funds that depend on public stock price movements or speculative multiple expansions, this trust generates returns through performing private credit. It collects predictable contractual interest coupons, structured repayment premiums, and amortized principal directly from its borrow-partners.
Liquidity and exits are explicitly engineered into the credit terms prior to closing. Positions are liquidated smoothly through scheduled principal amortization tranches, mandatory corporate refinancing milestones, promoter buybacks, or cash liquidity events such as an IPO or a strategic corporate 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.