<h1>India-focused private credit fund closes at over INR 700 crore, deploying across 11 companies, 10% annual cash yield</h1> An alternative asset manager announced a final close of its second India-focused private credit fund with commitments exceeding INR 700 crore, targeting performing mid-market businesses and having deployed capital across multiple sectors. The fund reported investments in 11 companies and claimed distributions yielding an annualised cash income rate of 10%, with over INR 43 crore returned to investors so far. The manager stated cumulative deployments across its credit platform of nearly INR 2,946 crore, 16 exits and total investor returns of over INR 1,690 crore; a prior fund reached maturity with a reported gross IRR above 17%. The fund received the highest grading from a credit analytics agency.