Lighthouse Canton Launches $130 Million Indian Private Credit Fund
Lighthouse Canton Launches Private Credit Fund to Tap into India's Growing Market
Lighthouse Canton, a global investment institution with over $5 billion in assets under management, has announced the launch of its private credit fund, LC Luminere Credit Fund, a SEBI registered Category II Alternative Investment Fund. The fund is focused on capitalizing India's fast-growing private credit market.
The LC Luminere Credit Fund is targeting a corpus of Rs 1,200 crore ($ 130 million), including a greenshoe option, with a tenure of six years. The fund will make structured credit investments in mid-to-large companies and aims to deliver attractive risk-adjusted returns, with stable periodic cash yield. To address the structural credit supply gap in India, the fund will deploy capital across growth, acquisition, sponsor-backed, refinancing, and cross-border opportunities.
The fund's strategy is centered on senior secured lending to real-economy companies, supported by robust collateral. It will invest in high-quality companies with strong governance, leadership, and proven operating histories. The fund will also offer borrowers flexible, non-dilutive capital solutions, providing investors access to institutional-grade private credit opportunities.
Sanket Sinha, Managing Director & CEO, Global Asset Management, Lighthouse Canton, stated that India is entering a pivotal phase of private credit expansion, supported by strong macro fundamentals and a widening gap between credit demand and supply. The LC Luminere Credit Fund is designed to deliver consistent, risk-adjusted returns by focusing on fundamentally strong businesses and disciplined credit underwriting.
Pranob Gupta, Managing Director and Business Head – India Alternatives, Lighthouse Canton, added that the fund's strategy is rooted in capital preservation, strong structuring, and deep sponsor diligence. The fund will employ a highly selective investment approach, deploying capital in a limited number of high-conviction opportunities.
| Fund Name | Target Corpus | Tenure |
|---|---|---|
| LC Luminere Credit Fund | Rs 1,200 crore ($ 130 million) | 6 years |
Key Statistics
- Target corpus: Rs 1,200 crore ($ 130 million)
- Tenure: 6 years
- Investment focus: Mid-to-large companies
- Investment strategy: Senior secured lending to real-economy companies
- Expected returns: Attractive risk-adjusted returns with stable periodic cash yield
Investor Takeaway
Investors may consider allocating to private credit funds for attractive risk-adjusted returns.
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