How local private credit funds pulled ahead of foreign rivals in the mid-market
“What we are seeing isn’t global capital pulling back from India, but rather domestic capital coming of age,” said Eshwar Karra, deputy managing director at Kotak Alternate Asset Managers. Over the past couple of years, Indian private credit has evolved from a niche, opportunistic asset class into a mainstream allocation for domestic limited partners, family offices and high-net-worth individuals, he added.
