Report: Bain-backed Indian Firm 360 One Plans $357M Private Credit Fund

Indian wealth management firm 360 One is looking to launch its next private credit fund of up to 30B rupees (~$357M), BNN Bloomberg reported October 28, citing an unnamed source.

The fifth generation fund will have an initial target size of 20B rupees (~$238M), and can go over to up to 10B more rupees (~$119M) as a greenshoe option, to be invested in middle-market businesses. Fund V’s predecessor raised 21.3B rupees (~$253.3M) on final close. 360 One, formerly IIFL Wealth Management, has been backed by private multi-asset alternative investor Bain Capital since March 2022.

Source: https://www.bnnbloomberg.ca/business/international/2024/10/28/bain-backed-india-asset-manager-plans-fifth-private-credit-fund/

Written By: Dakota

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