India: Sundaram Alternates hits first close of maiden corporate credit fund at $25m

India: Sundaram Alternates hits first close of maiden corporate credit fund at $25m

Vikaas M Sachdeva Managing Director, Sundaram Alternates (left); Karthik Athreya Director and Head of Strategy-Alternative Credit-Sundaram Alternates

Amid growing demand for private credit in India, Sundaram Alternates has made the first close of its corporate credit fund at Rs 205 crore ($25.31 million) to tap companies struggling to raise capital from regular institutional lenders in a tough market.