New Delhi: HDFC Asset Management Company (AMC) has entered into a strategic partnership with the International Finance Corporation (IFC) to expand access to private credit for India’s growing mid-market companies.
As part of the agreement, IFC will serve as the anchor investor in HDFC AMC’s Structured Credit Fund-I, with a commitment of up to Rs 220 crore.
The fund has raised around Rs 1,290 crore in its first close and is aiming for a total corpus of Rs 1,500 crore. It also includes a green-shoe option of Rs 1,000 crore, providing additional flexibility to scale investments. Structured Credit Fund-I will focus on offering secured credit financing to mid-sized enterprises across multiple sectors, while excluding real estate.
HDFC AMC said the fund is designed to support companies in expanding operations, generating employment, and strengthening India’s private credit market. So far, Rs 380 crore has been committed across three transactions.
IFC noted that mid-market firms play a critical role in India’s economic growth and job creation and said the partnership would help improve access to long-term, well-structured financing for such businesses.
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