360 ONE Asset closes fifth private credit fund at Rs 3,500 cr

Private Credit

360 ONE Asset on March 9 announced the close of its fifth private credit fund, with total commitments of Rs 3,500 crore (approximately $400 million).

Commitments were received from a diversified base of investors, including pension funds, insurance companies, family offices, and high-net-worth individuals, the asset manager said.

“The successful close of our latest fund at Rs 3,500 crore reflects the deep trust our investors place in our platform and our ability to consistently deliver resilient, risk-adjusted returns,” CIO and head, private credit, 360 ONE Asset Aakash Desai said.

The asset manager said the fundraise underscores investor conviction in 360 ONE Asset’s differentiated private credit platform, investment philosophy, and consistent execution track record.

“India’s private credit market is at a structural inflection point, supported by strong economic growth, increasing formalisation of capital, and rising demand for flexible financing solutions. For global and domestic institutional investors, private credit offers a compelling value proposition, with attractive yield premiums, strong covenant protections, and access to high-growth businesses in a large and underpenetrated credit market,” said Desai.

360 ONE Asset’s Private Credit business manages assets worth Rs 15,200 crore ($1.7 billion). In 2024, the firm originated over Rs 6,600 crore ($736 million) of private credit transactions, followed by approximately Rs 7,000 crore ($774 million) in 2025, the statement said.

“The fund will continue the firm’s proven strategy of delivering structured and innovative credit solutions to high-quality Indian corporates. It will focus on capital preservation, strong covenant structures, and attractive risk-adjusted yields through bespoke financing solutions tailored to evolving capital needs,” the statement said.

360 ONE manages an overall listed market and alternates assets under management of around $11 billion across multiple asset classes. It is one of India's largest homegrown alternative asset managers, with a private market AUM of around $6 billion.