TVS Capital bets on private credit with Rs 750-Cr fund
The new platform, TVS Alts, aims to provide secured loans between Rs 40 crore and Rs 100 crore to companies with strong credit profiles. The fund is seeking regulatory approval from SEBI and targets returns of approximately 17%, focusing on bridge financing, pre-IPO funding, and M&A activities.
Key points
- Targeting Rs 750 crore with a potential green-shoe option up to Rs 1,250 crore.
- Focuses on secured loans for performing companies across various sectors.
- Awaiting SEBI approval with a first close expected within six months of clearance.
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