By Beena Parma (6 July 2023) for VCCircle
Select paragraphs reproduced below with permission.
RV Capital Management, a Singapore-based hedge fund manager, has floated its maiden India performing private credit fund to tap into the mid-market corporate financing market in the country.
Founded in 2011, RV Capital manages assets under management of $1 billion (about Rs 8,200 crore) through its Asia macro fund and Asia credit fund focused on long/short investments in Asian interest rates, foreign exchange, and credit markets.
“Indian credit is in the goldilocks zone with NPAs (non-performing assets) at a decadal low, accompanied by strong GDP and credit growth. NBFCs (non-banking financial companies) are moving towards retail and even mutual funds are not focusing too much on the private credit category, and focusing more on high-grade assets, AAA bonds, etc.,” [Shyamal Karmakar, India CIO] said.
Read the full article in VCCircle: https://www.vccircle.com/singapores-rv-capital-raising-maiden-india-private-credit-fund