[Mumbai, 19 June 2024] – BPEA Credit announces the first close of its BPEA Credit Select Short Term Income Fund - I (SSTIF – I / Fund), with a target fund size of INR 750 crore / ~US$ 90 million, with a green shoe option for INR 750 crore / ~US$ 90 million. This milestone reflects the strong support from our investors and reinforces our commitment to providing tailored financial solutions across the yield curve through our Solution Capital philosophy.
The SSTIF - I fund, distinct from BPEA Credit Series, was established in direct response to market feedback, recognizing the need for a stable, shorter term investment vehicle with regular income distribution. The Fund aims to address the financial needs of performing high growth companies, offering bespoke credit solutions that focus on capital preservation and regular cash flow.
Kanchan Jain, Head of BPEA Credit Group, commented on the successful first close, "The launch of this Fund is a testament to our ongoing dialogue with our investors and our dedication to meeting the evolving needs of the companies. We are proud to provide a vehicle that offers attractive stable returns with regular cash coupons, addressing the investor demand for shorter term, fixed income investment options. This Fund is a natural extension of our Solution Capital approach, designed to offer customized credit solutions to established corporates, ensuring both growth and financial stability."
BPEA Credit’s robust platform, established relationships, and on-ground presence in India position the firm uniquely to source high-quality investments. Its disciplined investment process and strong risk controls adhere to international best practices, ensuring that investors can confidently achieve their financial goals through SSTIF - I.
About BPEA Credit:
BPEA Credit is one of Asia's leading performing private credit managers, sourcing off-market performing credit opportunities by providing customized capital solutions to established high-growth companies. In 11 years since inception, the team has raised four funds till date and invested over US$1.1+ billion across portfolio companies in multiple sectors, generating attractive investment returns for its investors across all its funds. BPEA Credit’s investment focus is on Asia ex-China, with an emphasis on India and SE Asia, both of which represent some of the fastest growing yet most underpenetrated credit capital markets in the region. BPEA Credit has built a strong sourcing and underwriting platform with a world-class 30-member team with offices in Singapore, Delhi and Mumbai.
For more information, please visit www.bpeacredit.com
Contact:
BPEA Credit: Media | press@bpeacredit.com
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