TVS Capital launches ₹750 crore private credit fund, targets 17% returns
Saturday, October 31, 2026 · first reported by CNBC TV18 and 5 others
TVS Capital Funds has set up TVS Alts, a private credit platform, with plans to raise ₹750 crore plus a ₹500 crore green-shoe option. It is the firm's first move into private credit after its private equity business. The fund will make secured loans to performing companies, in cheques of ₹40 crore to ₹100 crore, across sectors, and is aiming for returns of about 17%.
Applications are filed with SEBI. First close is targeted within six months of approval and final close within 12-14 months. Shyam Srinivasan leads the platform, with Manish Makaria as Managing Partner. TVS Capital Funds owns 90% and Srinivasan 10%.
- Fund
- TVS Alts
- Size
- $90M
- Stage
- Target
- Asset class
- Credit
- Geography
- Asia-Pacific
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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Coverage
6 sources- CNBC TV18TVS Capital launches ₹750 crore private credit fund, targets 17% returns
- BW BusinessworldTVS Capital Enters Private Credit With Rs 750 Cr Fund
- DealroomTVS Capital plans $79M private-credit fund for India's mid-market firms
- yourstory.comTVS Capital bets on private credit with Rs 750-Cr fund
- DealStreetAsiaIndia: TVS Capital Funds forays into private credit to back mid-market firms
- The Economic TimesTVS Capital Funds expands into private credit with launch of TVS Alts; targets Rs 750 crore fund
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