Big opportunity for investing in India’s private credit market: Experts
India provides one of the biggest opportunities for investing in private credit or situations where borrowers are unable to raise money from usual sources such as the banking system and are under distress, according to experts from global and local institutions who convened to share their thoughts at Indian Private Equity and Venture Capital Association’s (IVCA) tenth conclave which is taking place virtually.
“There is a big vacuum in the MSME sector which is unable to raise money easily. Real estate is another sector that doesn’t have access to all available sources of funding such as bond markets. So there is a big opportunity to provide credit here for private players like ourselves”, said Nipun Sahni, Partner, Apollo Global Management, amongst the largest credit investors in the world with $320 billion under management.
That thought process was echoed by other experts at the conclave including Dev Santani, Managing Director at Brookfield which manages $600 billion in assets globally across real estate, infrastructure, renewable power, private equity and credit.
“There is a need to make rules for bringing in capital for investment in the debt market easier for foreign investors”, Santani suggested when questioned on what would be key demands on the wishlist of investors who want to deploy more capital in credit investing.
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