IGI Logo

PL Capital – Prabhudas Lilladher Group’s Alternative Investment Management company has launched its first Alternative Investment Fund (AIF) – the PL Capital Performing Credit Fund, a Category II AIF. Designed to deliver capital protection and superior risk-adjusted returns, the fund offers structured private credit solutions to India’s mid-market corporates driving the next phase of India’s economic engine.

Focusing on secured debt investments in both listed and unlisted companies across diverse sectors (excluding real estate), the fund has a target size of INR 500 crore and a greenshoe of INR 500 crore. PL Capital Performing Credit Fund is committed to delivering the highest standards of governance through a combination of financial market experts, distinguished advisory board and investment committee, diligence and legal specialists, and a best-in-class investment team with over 150 years of cumulative experience.

India’s private credit market has grown rapidly as mid-sized and emerging companies seek flexible funding solutions. Recent market estimates project the high-yield credit market to cross USD 50 billion by 2026, driven by investor interest in income-focused alternatives beyond traditional fixed-income products. The PL Capital Performing Credit Fund addresses this demand, offering investors regular returns through loan interest and amortisation, along with potential event-linked upsides that yield premium returns with low correlation to market volatility.

What sets this strategy apart is the PL Capital Edge. This includes PL’s legacy of over 80 years in capital markets, unmatched regulatory pedigree, and a robust origination engine that taps into PL’s corporate, institutional, and advisory networks. PL is also uniquely positioned with an integrated platform that combines investment banking, equity research, and wealth distribution, supported by a legacy of award-winning research and execution.The strength of this fund is amplified by a marquee Investment Committee that includes some of India’s most respected financial professionals. It comprises Ms. Amisha Vora, a Chartered Accountant and equity market expert with over 35 years of experience. As the Chairperson and Managing Director of PL Capital, she brings a wealth of knowledge and expertise to the role.

 Mr. Rajnish Kumar is also a key member of the investment committee. He is a career banker with 40+ years of experience, during which he served as the Chairman of SBI. With expertise in corporate credit and project finance, he is an Independent Director on the Boards of HSBC Asia and L&T Infotech. He is also a Non-Exec Chairman of BharatPe and a Certified Associate of Indian Institute of Bankers.

 Dr. Punita Kumar-Sinha, a CFA charterholder and PhD, is also a part of the investment committee. With a strong track record in managing large India-focused funds from the US, she currently serves as an Independent Director at Embassy REIT, Lupin, Marelli, and other companies. Previously, she held senior leadership positions at Blackstone and was an Independent Director at Infosys and JSW Steel.

 Mr. Nilesh Vikamsey, President of the West India Council of the Indo-American Chamber of Commerce and an Independent Director at PNB Housing Finance Limited, Nippon Life India Trustee Limited (Chairman), Federal Bank, SBI Cards and Allcargo

Logistics Limited, brings extensive experience in audits, due diligence, and regulatory work with SEBI, RBI, NSE, and BSE. He is also a valuable member of the investment committee.

The investment committee also includes Mr. Abizer Diwanji, Founder – NeoStrat Advisors. He was the former Head of Practice at prestigious consulting firms such as KPMG, EY and spearheaded multiple M&A and insolvency transactions in public domain. With 35+ years of experience, he has also been a part of various committees on structural reform with the RBI and Ministry of Corporate Affairs.

The Advisory Board comprises two seasoned professionals: Mr. Ashok Barat, a Fellow of ICAI and ICSI, former Managing Director and CEO of Forbes & Company Limited, and current board member at Bata India, JSW Paints, Everest Industries, Aarti Industries; and Mr. Rajesh Narain Gupta, Founder and Chairman of SNG & Partners, a legal expert with over 35 years of experience, who has been instrumental in shaping legal frameworks of stressed assets in India and is an Independent Director on multiple boards, including HDFC Capital Advisors and J.C. Flowers Asset Reconstruction.

The fund is managed and spearheaded by a highly experienced management team. Samir Satyam, Director, brings over 25 years of experience in investments and lending across promoter financing, special situations funding and alternative investments. His impressive track record includes roles such as Investment Director at Edelweiss Alternative Asset Advisors Ltd. He has also previously held senior leadership roles such as Head - Structured Finance at Hero Fincorp Ltd and Business Head - Capital Market Lending at Bajaj Finance Ltd, Cholamandalam DBS Finance among others.

Samir is joined by Kapil Sachdeva, Credit Head, who brings 20+ years of experience in Credit and Risk management, Structured financing, Portfolio management & Resolution and Credit Ratings. In the past, he has led the Credit Risk Underwriting and Portfolio management positions at Edelweiss, TFCI, Axis Bank and worked with CARE Ratings and Moody’s providing credit coverage for debt/fixed income space.

“The launch of this fund marks a strategic milestone for PL Capital,” said Amisha Vora. “Our entry into the alternative credit space reinforces our commitment to provide innovative, research-driven solutions that meet the evolving needs of the credit market. The fund is designed to meet the needs of Ultra-High-Net-Worth Individuals (UHNIs), High-Net-Worth Individuals (HNIs), family offices, and institutional investors who seek access to exclusive private credit opportunities, portfolio diversification, risk-adjusted returns and capital preservation.”

Above views are of the author and not of the website kindly read disclaimer