Mumbai, 29 April, 2025: Franklin Templeton Category II Alternative Investment Fund Trust, a Category II Alternative Investment Fund (AIF) is managed by Franklin Templeton Alternative Investments (India) Pvt. Ltd. Franklin India Credit AIF – Scheme I, the first scheme under the above license has been established in accordance with Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 read with circulars thereunder.
Franklin India Credit AIF – Scheme I achieved its first close on April 28, 2025, raising over INR 205 crore. The Fund has a target corpus of INR 1,000 crore and is designed to invest in debt securities—both primary issuances and secondary market purchases—of portfolio companies in India.
Franklin India Credit AIF – Scheme I will primarily seek to invest in secured instruments of portfolio companies, including a mix of debt, mezzanine instruments, pass-through certificates, and market-linked debentures. The Fund is expected to have significant exposure to the financial services sector including non-banking finance companies (NBFCs) and housing finance companies (HFCs).
The portfolio management team at Franklin Templeton Alternative Investments (India) Pvt. Ltd. is led by Santosh Kamath, CIO and President, and Arun Gupta, Head of Investments.
