DMI Alternatives has closed a $120 million fundraising round for a corporate private credit fund that invests in high-performing and cash-flowing Indian companies.

Key Highlights

• DMI Alternatives successfully raises $120 million to expand its private credit fund offerings globally.
• The private credit fund capital raise positions DMI Alternatives as a key player in alternative investments.

The increase reflects the increased need for flexible credit capital among corporations in the world's fastest-growing major economy, as companies seek alternative financing options beyond traditional channels. Harein Uppal will lead the strategy.

DMI Alternatives' approach aims to provide bespoke finance solutions to Indian companies that are well-positioned for long-term growth. The fund's investments are concentrated in healthcare, technology, business services, manufacturing, and financial services, all of which benefit from secular tailwinds fueling India's economic growth.

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With structural changes, sustained domestic consumption, and a rising deployment of both domestic and global capital towardIndia-related investments, private lending is likely to remain a major source of capital. As India's financing landscape shifts, private credit is increasingly supplementing banks and public markets.

DMI Alternatives is an alternative asset management organization that invests in three key strategies: real estate (OKAS), venture capital (DMI Sparkle Fund), and private credit. The private credit approach provides financing options to high-performing, cash-flowing Indian enterprises with solid foundations and long-term growth prospects. It focuses on mid-market businesses and provides flexible funding via debt and hybrid forms.