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Launch · Financial Services

Lighthouse Canton launches ₹1,200 crore credit fund

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Date
Company
Lighthouse Canton
What it does
Wealth and asset management firm
Kind
Launch
Amount
₹1,200 crore ($130 million)
Based in
Singapore
Sector
Financial Services

What they do

Lighthouse Canton is a global investment institution offering wealth and asset management services

What happened

It launched LC Luminere Credit Fund, a ₹1,200 crore ($130 million) SEBI-registered Category II AIF

Why it matters

The fund targets India's private credit market, focusing on senior secured structured credit to mid-to-large companies; it has over $5 billion in assets…

The details

  • Lighthouse Canton launched the LC Luminere Credit Fund, a ₹1,200 crore ($130 million) SEBI-registered Category II AIF.
  • The fund has a greenshoe option (an option to raise additional capital beyond the initial amount).
  • It has a six-year tenure with an average deal duration of about three years.
  • The fund focuses on senior secured structured credit (loans backed by collateral with priority in repayment) to mid-to-large real-economy companies.
  • Deployment areas include growth and expansion capital, acquisition financing, sponsor-backed transactions, refinancing, and cross-border opportunities.
  • Initial investments have been warehoused (set aside in advance) and there is a proprietary deal pipeline in industrials, consumer companies, and diversified conglomerates.
  • The fund leverages access to over 500 issuer relationships and more than 1,000 promoter families across its pan-Asia platform.

The bigger picture

  • The fund targets India's rapidly expanding private credit market, addressing a financing gap for mid-to-large companies.
  • It aims to provide stable cash yields with equity-like upside through collateral-backed lending.
  • The launch comes as private credit demand grows in India, offering an alternative to traditional bank financing.

About the business

  • Lighthouse Canton is a global investment institution headquartered in Singapore.
  • It provides wealth and asset management services.
  • The firm has over 220 professionals across offices in Singapore, Dubai, London, and India.
  • It manages over $5 billion in assets under management.
  • The new fund focuses on senior secured structured credit to mid-to-large real-economy companies.
  • It targets growth and expansion capital, acquisition financing, sponsor-backed transactions, refinancing, and cross-border opportunities.
  • The firm has a pan-Asia platform with extensive issuer and promoter relationships.

What happens next

  • Deploy capital across the identified sectors, including industrials, consumer companies, and diversified conglomerates.
  • Leverage the pan-Asia platform to source cross-border opportunities.

The deal

Type
fund launch

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