DMI Alternatives Closes $120 Million Private Credit Fund for High-Growth Indian Firms
- DMI Alternatives closes $120 million for a private credit fund targeting strong, cash-flowing Indian companies.
- The fund aims to offer flexible, tailored financing across key growth sectors.
- Rising demand for private credit highlights India’s shifting corporate financing landscape.
DMI Alternatives has closed a $120 million raise for its corporate private credit fund, which will back performing and cash-generating companies across India. The firm said the fund will meet the rising need for flexible credit as businesses seek alternatives to traditional financing in one of the world’s fastest-growing major economies. The strategy will be led by Harein Uppal.
The fund will offer customized financing solutions to companies that are well-positioned for long-term expansion. Its investment focus includes healthcare, technology, business services, manufacturing, and financial services sectors benefiting from structural growth and strong domestic demand. DMI noted that India’s economic reforms, rising consumption, and a surge of domestic and global capital have strengthened the role of private credit in the country.
With India’s financing ecosystem evolving, private credit has emerged as an important complement to banks and public markets. Companies increasingly rely on such capital to pursue growth, manage working capital needs, and diversify funding sources.
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DMI Alternatives manages investments across three strategies: real estate through OKAS, venture capital through the DMI Sparkle Fund, and private credit. Its private credit arm focuses on mid-market enterprises with solid fundamentals and stable cash flows. The firm provides capital through both debt and hybrid structures, aiming to support sustainable growth while maintaining disciplined underwriting.
The closure of the new fund signals continuing investor confidence in India’s corporate credit market and rising interest in alternative financing solutions.
