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HDFC AMC, IFC join forces to boost private credit access for Indian mid-market corporates
Jan-05-2026

HDFC Asset Management Company (HDFC AMC) and International Finance Corporation (IFC) have inked an agreement, under which IFC will invest in HDFC AMC’s Structured Credit Fund-I, a Category II AIF, to expand access to private credit for India’s mid-market corporate sector. The Fund will improve access to finance for underserved mid-market companies by providing alternative debt financing where traditional financing often faces limitations, supporting job creation and driving product and market innovation. It will also help strengthen India’s private credit ecosystem and support the scaleup of private credit for mid-market companies. As the anchor investor, IFC will contribute up to Rs 220 crore to the fund. 

The fund has declared its first close and has raised commitments of about Rs 1,290 crore from institutional investors, family offices and UHNI investors. The fund is targeting a corpus of Rs 1,500 crore, and expects to exercise a portion of the available green-shoe option of Rs 1,000 crore. The commitment amount includes sponsor commitment from HDFC AMC of up to 14 percent of the fund corpus. With a focus on delivering superior risk-adjusted, mid-teen returns over a 4-to-6-year horizon, the fund will invest in secured credit instruments in a diversified, sector-agnostic manner (excluding real estate). The fund has committed Rs 380 crore across three deals spanning various sectors to meet diverse capital requirements. For HDFC AMC, the association brings not just capital but also global governance standards, risk frameworks, and deep sectoral expertise that will enhance the fund’s ability to engage closely with companies and design financing aligned with long-term value creation.

HDFC Asset Management Company (HDFC AMC) offers a wide range of mutual funds, delivered through both active and passive strategies across asset classes, including equity, fixed income, hybrid and multi-asset solutions.

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