India: BPEA Credit closes Fund III with capital commitments worth $475m

India: BPEA Credit closes Fund III with capital commitments worth $475m

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Baring Private Equity Asia’s credit unit, BPEA Credit, on Monday announced that it has closed its third private credit fund, BPEA Credit – India Fund III, with capital commitments worth $475 million.

Fund III, which is incorporated in the state of Mauritius, has secured commitments from several North American pension fund managers such as the Canada Pension Plan Investment Board; global development institution IFC; and other prominent financial institutions in Asia and the Middle East, the firm said in a statement.

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