BPEA Credit, a prominent mid-market performing credit platform in Asia, on Wednesday said it has changed its name to “Ascertis Credit and will be raising its fifth fund soon.
“Our rebranding to Ascertis Credit reflects our commitment to growth, innovation and delivering superior value to our investors and portfolio companies. Performing credit in the high-growth economies of India and Southeast Asia provides tremendous diversification benefits to investors, coupled with attractive returns and strong liquidity, well insulated from market volatility and the risks of high valuations,” Kanchan Jain, head of BPEA Credit, said in a statement.
It also addresses the need for longer-term stable capital required for inclusive growth of the large economies of the region and enhances regional wealth creation through non-dilutive growth solutions, she added.
BPEA Credit categorises Asia into three segments — Advanced Asia, which is Japan, Korea, and Australia; China; and India and Southeast Asia.
It has raised four funds to date, invested over a billion dollars in performing credit, and will be raising its fifth fund soon, following the successful deployment of its current fund. Fund III announced its final close in June 2022 at $600 million.
Before this, it raised $135 million for this second investment vehicle. The size of its first fund could not be ascertained.
Earlier in the year, Ascertis Credit launched its new income fund series, Select Short Term Income Fund – I (SSTIF-I), targeting a fund of Rs 750 crore to invest in stable, shorter-term investments with regular income distributions to its investors. SSTIF-I announced its first close in June 2024 and is expected to announce final close soon.
It has so far invested over $1.1 billion in companies across multiple sectors primarily in India and counts digital lending platform mPokket, office space provider WeWork India, and edtech venture Veranda Learning among its portfolio firms.
