Mumbai, October 16, 2024: BPEA Credit, a pioneer in performing private credit space in Asia, today announced its new identity as “Ascertis Credit.”
This change reflects the company’s continued commitment to build and operate a best-in-class private credit investment firm. The new name, Ascertis Credit, reflects the firm’s commitment to its legacy of domain confidence, professional expertise and strategic strength, coupled with robust risk management, aligning perfectly with its vision for future growth.
Ascertis Credit is one of Asia’s leading private credit platforms, having established its mid-market direct lending investment program over a decade ago. The firm has a proven track record of generating strong private credit investment returns through providing bespoke, non-dilutive growth capital solutions to the mid and large corporates in India and SE Asia. Recognized as an early mover in India’s private credit landscape, the leadership team is one of the most experienced teams with extensive credit experience in India, Asia and in global markets, and has successfully deployed capital across diverse market and valuation cycles. Ascertis Credit manages capital for marquee global pension funds and developmental financial institutions, and a diverse set of Asian and Indian financial institutions, and family offices.
Ms. Kanchan Jain, Head – Ascertis Credit said, “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 SE 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. 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.”
Ascertis Credit has raised 4 funds till date and invested over a billion dollars in performing credit. It will be raising its fifth fund soon, following the successful deployment of its current fund. Fund III had announced final close in June 2022 at US $600mn and represents one of the largest single-country performing credit funds raised in Asia.
Earlier in the year, Ascertis Credit launched its new income fund series, Select Short Term Income Fund – I (SSTIF-I), targeting a fund of INR 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.
This rebranding outlines the firms exciting plans in the realm of capital solutions and alternative finance, building on the existing foundation of its core values and investment focus. The firm continues to be led by its highly experienced leadership team that has been working together since its inception, managing its investment programs to deliver consistent and attractive returns to its investors.