The private credit market in India is evolving and needs to primarily focus on flexibility of capital structure to succeed, said panellists at Mint’s India Investment Summit . They said demand for Indian paper was at a high, and private credit is growing in size. Global fund managers have raised close to $300 billion of private credit capital over the last two years, they added. According to Venkat Ramaswamy, vice chairman, Edelweiss Financial Services, mutual funds had no business being in the private credit business. “The reality is historically non-bank financiers, mutual funds and, in a small way, private credit funds used to play in this market.

Source: Mint May 30, 2021 19:41 UTC