Launch · Financial Services

JM Financial launches second private credit fund

What they do

JM Financial Asset Management manages alternative assets and investment funds

It launched JM Financial Select Credit Fund II, targeting ₹2,000 crore total corpus

The fund will invest in performing credit opportunities via structured debt solutions

JM Financial Asset Management launched its second private credit fund, JM Financial Select Credit Fund II (SCF II).
The fund is structured as a Category II Alternative Investment Fund (AIF).
SCF II has a target size of ₹2,000 crore, with a base corpus of ₹1,000 crore and a greenshoe option for an additional ₹1,000 crore.
The fund targets performing credit opportunities via structured debt solutions across sectors.
It focuses on mid-to-late-stage businesses with stable cash flows, strong operations, and credible promoters.
The fund will leverage the JM Financial Group ecosystem in investment banking, capital markets, and corporate credit for deal sourcing and underwriting.
Amit Dharod, Managing Director of Alternative Assets at JM Financial Asset Management, leads the fund's strategy.

The launch comes amid India's private markets capital boom.
SEBI data shows AIF industry commitments at ₹15.74 lakh crore as of December 2025.
Demand is driven by institutional and high-net-worth investors seeking yields uncorrelated to public equities.

JM Financial Asset Management manages alternative assets and investment funds.
It offers private credit funds structured as Category II AIFs.
The funds invest in performing credit opportunities via structured debt solutions.
It targets mid-to-late-stage businesses with stable cash flows and strong operations.
The firm leverages the JM Financial Group ecosystem for deal sourcing and underwriting.