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DMI Alternatives closes $120 Mn capital for private credit fund

Entrackr · 2d ago

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DMI Alternatives closes $120 Mn capital for private credit fund DMI Alternatives has announced the closure of a $120 million raise for a corporate private credit fund focused on investing in performing and cash-flowing Indian companies. The raise underscores the growing demand for flexible credit capital among corporates in the world’s fastest-growing major economy, as businesses seek diversified financing beyond traditional channels. The strategy will be led by Harein Uppal. With this strategy, DMI Alternatives aims to provide bespoke financing solutions tailored to Indian companies well-positioned for sustainable growth. The fund maintains a focus on healthcare, technology, business services, manufacturing, and financial services sectors that benefit from secular tailwinds driving India’s economic expansion. With structural reforms, robust domestic consumption, and an increasing allocation of both domestic and global capital toward India-related investments, private credit is poised to remain a critical source of capital. As India’s financing landscape evolves, private credit is increasingly complementing banks and public markets. DMI Alternatives is an alternative asset management firm, managing investments across three core strategies: real estate (OKAS), Venture Capital (DMI Sparkle Fund), and Private Credit. The private credit strategy provides financing solutions to performing, cash-flowing Indian companies with strong fundamentals and sustainable growth trajectories. Focused on mid-market enterprises, it offers flexible capital through debt and hybrid structures.