360 ONE Asset Closes 5th Private Credit Fund With ₹3,500 Crore Commitments

 360 ONE Asset has completed fundraising for its fifth private credit fund, securing significant investor commitments as demand for alternative credit strategies continues to grow in India. 

Fund Close and Investor Participation 

The asset manager announced on March 9 that the fund has raised ₹3,500 crore (about $400 million) in commitments. The capital was contributed by a diverse group of investors, including pension funds, insurance companies, family offices, and high-net-worth individuals. 

As per news reports, Aakash Desai, Chief Investment Officer and Head of Private Credit at 360 ONE Asset, said, “The successful close of our latest fund at ₹3,500 crore reflects the deep trust our investors place in our platform and our ability to consistently deliver resilient, risk-adjusted returns.” 

Private Credit Market Opportunity 

Desai noted that India’s private credit market is entering a new growth phase, supported by strong economic expansion, increasing formalisation of capital and rising demand for flexible financing options. 

He said private credit provides investors with attractive yield premiums, strong covenant protections and access to high-growth companies in a large and underpenetrated credit market. 

Investment Strategy and Platform Scale 

According to the company, the fund will continue its strategy of offering structured and innovative credit solutions to high-quality Indian corporates, with a focus on capital preservation, strong covenant structures and risk-adjusted returns through customised financing solutions. 

360 ONE Asset’s private credit platform currently manages about ₹15,200 crore ($1.7 billion) in assets. The firm originated ₹6,600 crore ($736 million) worth of private credit transactions in 2024, followed by around ₹7,000 crore ($774 million) in 2025. 

Read More: Equity Mutual Funds Decline Up to 11% in a Week as International Funds Face the Sharpest Losses! 

Conclusion 

The ₹3,500 crore fund close highlights continued investor appetite for private credit strategies in India as institutional and high-net-worth investors allocate more capital to alternative financing opportunities. 

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