New fund · Financial Services

BlackSoil Asset Management deploys ₹750 crore across 40 companies through second credit fund

By Startup Enthusiast · 13 August 2026

What they do

BlackSoil Asset Management provides performing credit to high-growth businesses in sectors like fintech, healthcare, and mobility

The second fund, BlackSoil India Credit Fund II, raised ₹500 crore and deployed ₹750 crore across 40 companies, achieving 1.5 times the fund’s corpus

The fund has completed 10 exits and attracts repeat investors, including family offices and high-net-worth individuals

BlackSoil Asset Management deployed ₹750 crore across 40 companies through its second credit fund, BlackSoil India Credit Fund II (BICF II).
The fund, launched in October 2023, raised ₹500 crore and fully drew down investor commitments.
It has completed 10 exits and recycled repayments and exits into new investments, achieving a 1.5 times deployment of the fund’s corpus.
BICF II is a SEBI-registered Category II Alternative Investment Fund focused on providing performing credit to high-growth businesses.
The fund invests in sectors including financial services, fintech, healthcare, consumer, SaaS, deeptech, electric vehicles, and mobility.

Private credit is gaining traction as an alternative source of financing for growth-stage businesses.
Demand for alternative financing has increased amid moderated bank credit growth.
BlackSoil’s approach involves supporting businesses at different stages of growth through thematic credit funds.

BlackSoil Asset Management provides alternative credit solutions to fast-growing and underserved new-economy businesses.
The company focuses on short- and long-term capital needs that may not be met through conventional banking channels.
Its portfolio includes 11 unicorns and 14 publicly listed companies.
The firm was established in 2016 and has built a platform of thematic credit funds focused on specific market opportunities.
BlackSoil’s current offerings include credit solutions for fast-growing and underserved new-economy companies.

BlackSoil plans to build a platform of thematic credit funds focused on specific market opportunities.