360 ONE Eyes to Raise Up to $500 Million Through 6th Credit Fund

360 ONE Asset Management is preparing to launch its 6th private credit fund with a target size of up to $500 million, according to The Bloomberg report. The fund could be launched as early as June. 

The proposed vehicle is to raise money from high-net-worth individuals, family offices in India and institutional investors overseas. The discussions remain private, and the company has not issued an official statement on the fundraising plans. 

Focus on Mid-Market Financing 

Reports suggest the fund is likely to focus on lending to mid-sized companies and funding special situations transactions. These may include acquisition financing, refinancing deals and stake buyouts involving existing shareholders. 

The fundraising comes shortly after the firm closed its 5th private credit fund at around $400 million in March this year. 

Fundraising Activity Continues in India 

Private credit markets globally have witnessed slower fundraising activity in recent months. Investors have turned cautious amid concerns over loan quality and exposure to software-related businesses, especially as companies evaluate the impact of artificial intelligence on the sector. 

In India, however, fundraising in alternative credit has continued. Several investment firms have announced new fund launches and closures during the current year. 

Last week, Lighthouse Canton launched a private credit fund targeting ₹12 billion. In April, InCred Alternative Investments completed the final close of its first special situations credit fund at ₹15 billion. 

Alternatives Business Growth 

According to company data, 360 ONE’s alternatives business, covering private credit, private equity and real estate strategies, rose 23% year-on-year to ₹5.8 trillion by the end of FY26. 

Alternative asset managers in India have been expanding their presence in structured lending and special situations financing as companies continue to look beyond traditional bank funding channels. 

Read More: RBI Proposes Stricter Basel Pillar 3 Disclosures on Capital and Risk for Banks! 

Conclusion 

India’s private credit market has continued to see fundraising and deployment activity during FY26. Several firms have announced new funds amid continued demand for alternative financing options. 

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