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PATNI CREDIT
ALPHA FUND
LEVERAGING PERFORMING CREDIT
WITH PRE-IPO EQUITY KICKER
Category II AIF
Private & Confidential
Date: 1st December, 2025
INTRODUCTION
PATNI FINANCIAL SERVICES PVT. LTD.
WHO WE ARE:
Journey of Patni Group began
in 1996 under the leadership of
Sarvesh Jain & Akhilesh Jain
Leading provider of wealth management & inter-corporate deposits
Expertise in structured products & mezzanine financing
Serving HNIs, corporate groups,and institutions with tailored financial solutions
30+ Years of Expertise
Decades of experience across financial domains
Pan-India Network
Strong presence and reach across key markets
Long-Standing Client Relationships
Built on trust, transparency, and results
EXECUTIVE SUMMARY
Fund Name:
Patni Credit
Alpha Fund
Strategy:
Secured Credit with Pre-IPO Equity Opportunity
Secured Credit with Pre-IPO Equity Opportunity
Investment Objective:
To deliver stable, predictable returns through secured credit investments, complemented by selective pre-IPO equity opportunities for enhanced upside potential.
To deliver stable, predictable returns through secured credit investments, complemented by selective pre-IPO equity opportunities for enhanced upside potential.
Target Returns:
Key Strengths:
- Experienced Leadership: Led by a seasoned investment team with a proven track record in credit and equity markets.
- Balanced Approach: Fixed-income stability with an equity-linked growth kicker.
- Risk-Managed Portfolio: Focus on collateral-backed lending and high-visibility pre-IPO opportunities.
INDIA MACRO TAILWINDS
INDIA PRIVATE CREDIT
A GROWING OPPORTUNITY
A GROWING OPPORTUNITY
Evolving Investor Behaviour:
A strategic shift in asset allocation is
underway, with investors increasingly
favouring alternative investments for
diversification and yield enhancement
Credit Dislocation Advantage:
Traditional lenders (banks and NBFCs) are
pulling back, opening a significant funding
gap for private credit funds to capture.
Macro Tailwind:
With India on track to become the world’s 3rd largest economy by 2029, private credit is positioned as a key enabler of the next phase of growth.
With India on track to become the world’s 3rd largest economy by 2029, private credit is positioned as a key enabler of the next phase of growth.
Expanding Market:
Private credit AUM in India is projected to reach USD 60–70 billion by 2028, accounting for ~1–1.2% of the projected GDP
Private credit AUM in India is projected to reach USD 60–70 billion by 2028, accounting for ~1–1.2% of the projected GDP
Strong Credit Demand:
India’s accelerating economic expansion and dynamic mid-market ecosystem are fueling a robust and sustained demand for credit capital.
India’s accelerating economic expansion and dynamic mid-market ecosystem are fueling a robust and sustained demand for credit capital.
Reform-Driven Growth:
Landmark structural reforms: GST, IBC, RERA, and DBT; have strengthened governance, transparency, and market efficiency, creating a long-term runway for sustainable credit growth
Landmark structural reforms: GST, IBC, RERA, and DBT; have strengthened governance, transparency, and market efficiency, creating a long-term runway for sustainable credit growth
SEIZING THE MOMENT:
WHY PRIVATE CREDIT LEADS NOW
TRADITIONAL CAPITAL
SOURCES ARE RETREATING
Banks
- Increasing focus on retail lending and low-risk credit exposure.
- Preference for ‘A’ and above-rated instruments, avoiding complex or bespoke credit structures.
- Challenged in compliance and RBI regulation limiting flexibility
Mutual Funds
- Restricted participation in
structured or
special-situation credit - Tilt towards high-rated
corporates and
standardized instruments
due to tighter risk mandates - Limited bandwidth for deal
origination and underwriting
customized credit
opportunities
NBFCs
- Tighter regulatory oversight, especially for bank-linked NBFCs.
- Constrained flexibility to address niche, high-yield, or special-situation financing needs.
PRIVATE CREDIT FUNDS ARE
FILLING THE GAP
FILLING THE GAP
- Expertise in Structured Credit: Deep understanding of
bespoke lending models and complex financing structures. - Evolving Market Acceptance: AIF led private credit has
gained significant traction and investor confidence
over the last 5 years. - Flexible Capital Solutions: Ability to provide patient,
customized capital aligned with borrower needs; unlike
banks or mutual funds - Untapped Mid-Market Opportunity: Large segments of
mid-sized enterprises remain underserved by traditional
lenders, offering strong risk-adjusted return potential.