True North Credit Opportunities Fund I

Overview

True North set up its private credit business in 2022, raising over Rs 1,000 crore, with plans for a Rs 75 crore direct investment per company plus Rs 200 crore in co-investment pools, targeting 15-18% IRR for short-term capital solutions to profitable middle-market companies. The related "Performing Credit Regular Income Fund" had a target size of Rs 1,000 crore with roughly Rs 550 crore raised as of a November 2023 update.

Key Facts

Vintage year

2022

Managed by

True North

Fund size

USD 66M

Related on NestLens

• True North · Capital Manager (GP)