HDFC AMC has partnered with the International Finance Corporation (IFC) to enhance private credit access for India’s mid-market enterprises. IFC will invest up to INR 220 Crore in HDFC AMC’s Structured Credit Fund-I, which aims to support underserved companies by providing alternative debt financing and fostering job creation. The fund has raised commitments of about INR 1,290 crore.
Strategic Partnership with IFC
HDFC Asset Management Company (AMC) has entered into an agreement with the International Finance Corporation (IFC) to bolster private credit availability for India’s mid-market corporate sector. The IFC’s investment will be directed towards HDFC AMC’s Structured Credit Fund-I. The agreement was formally announced on January 04, 2026.
Fund Details and Objectives
The Structured Credit Fund-I, a Category II AIF, seeks to improve financial access for mid-market companies. It aims to offer alternative debt financing solutions, fostering job creation and driving both product and market innovation. The fund is designed to strengthen India’s private credit ecosystem and support the scaling of private credit for mid-market companies.
Investment and Corpus
As an anchor investor, the IFC will contribute up to INR 220 Crore to the fund. The fund’s first close has already secured commitments of approximately INR 1,290 crore from institutional investors, family offices, and UHNI investors. The fund is targeting a total corpus of INR 1,500 crore. Furthermore, it anticipates utilizing a portion of its green-shoe option, amounting to INR 1,000 crore. HDFC AMC’s sponsor commitment accounts for up to 14 percent of the total fund corpus.
Investment Strategy
The fund will focus on delivering risk-adjusted returns over a 4-to-6-year horizon by investing in secured credit instruments across various sectors, excluding real estate. The fund has already committed INR 380 crore across three deals spanning various sectors. This strategic allocation aims to meet diverse capital requirements and support growth-stage companies.
Statements on the Partnership
Navneet Munot, MD & CEO of HDFC AMC, stated, “We thank all our investors for the confidence they have placed in us and are pleased to welcome IFC as a partner… India’s mid-market segment is one of the most dynamic pillars of our economy… Through this fund… our objective is to offer customised capital with clear risk controls… enabling well-run businesses to scale responsibly…”
Imad N Fakhoury, Regional Division Director for South Asia, IFC, commented, “India’s mid-market corporate sector keeps the economy moving, creating jobs, and driving growth and regional development… HDFC Group has long been a valued partner, and this collaboration will help mobilize institutional capital and provide mid-market companies with the resources they need to thrive…”
Source: BSE
