New fundFinancial Services
TVS Capital launches ₹750 crore private credit fund
By Abha Lohia · Editor ·
Chennai
- TVS Capital Funds is an Indian investment manager that has now started a private credit platform called TVS Alts
- It plans to raise ₹750 crore, with room for ₹500 crore more, to lend against security to businesses that are performing well
- Each loan will be ₹40 crore to ₹100 crore, aiming for about 17% returns, and SEBI approval is expected in coming weeks
What happened
- New platform TVS Alts targets ₹750 crore.
- Extra ₹500 crore green-shoe option.
- Loans of ₹40–100 crore each.
- Target return of about 17%.
- Plans roughly 14–15 investments.
Why it matters
- Focus is on bridge loans, pre-IPO funding and M&A financing.
- It lends to performing firms, not distressed ones.
- The team has looked at 42 opportunities so far.
The business
- TVS Capital Funds is a Chennai-based fund manager.
- The new fund is sector-agnostic.
- Applications are filed with SEBI.
In numbers
42Opportunities reviewed · 2026
What happens next
- First close within six months of regulatory approval
The numbers around it
Financial Services in November 2026: 4 rounds with a disclosed amount, $166 million in all; the biggest was OnEMI (₹832 Cr). Every sector this year →
Terms in this story
- SEBI: The Securities and Exchange Board of India (SEBI) is India's market regulator, set up in 1992. A startup meets it mainly through venture funds registered under the 2012 AIF rules, when it prepares an IPO, or when its product gives investment advice. A private startup raising from a few investors is first governed by the Companies Act.
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