Northern Arc fund hits first close above Rs 400 crore
In short
Northern Arc Investment Managers has raised over Rs 400 crore in the first close of its diversified debt fund.
The fund is aiming for Rs 1,500 crore and a 16% XIRR. The company’s India Impact Fund is also maturing after deploying Rs 1,398 crore.
What the reporting says
Northern Arc Investment Managers has closed the first round of its diversified debt fund at over Rs 400 crore, according to a YourStory summary. The 15th private credit fund from the firm targets a Rs 1,500 crore corpus and a 16% XIRR, while its India Impact Fund is maturing after deploying Rs 1,398 crore. The brief indicates the fund is part of the manager’s private credit strategy.
Why it matters
Northern Arc Investment Managers has reached the first close of its diversified debt fund at over Rs 400 crore. The fund is the firm’s 15th private credit fund and is targeting a Rs 1,500 crore corpus with a 16% XIRR, according to the summary. The brief also says the India Impact Fund is maturing after deploying Rs 1,398 crore, showing continued activity in private credit.