Avendus’ third Structured Credit Fund surpasses Rs 2,200 Crore in Commitments

MUMBAI: Avendus has secured commitments of over Rs 2,200 crore for its third fund under credit strategy. The Fund achieved its first close in April 2025 with commitments of nearly Rs 1,000 crore and reached its base fund size within eight months of the first close.

The third fund is targeting a total corpus of Rs 4,000 crore, including a greenshoe option of Rs 2,000 crore, a scale-up from its earlier fund which had a size of about Rs 1,000 crore.

Average commitment sizes under the new fund have increased to about Rs 10 crore from Rs 4 crore in earlier fund, alongside commitments exceeding Rs 100 crore. The fund has attracted a strong base of HNI and institutional investors, Avendus said on Monday.

The fund has already deployed over Rs 1,200 crore or nearly 60% of committed capital across diverse sectors and business models.

“Investor commitment continues to scale, driven by larger ticket sizes and sustained participation from existing investors, reflecting growing recognition of private credit as a resilient asset class. With typical deal sizes of Rs 200–500 crore, alongside co-investment opportunities, we remain focused on partnering with high-quality corporates through flexible, secured credit solutions,” said Anshul Jain, executive director at Avendus Structured Credit Fund.