Franklin Templeton Alternative Investments Announces First Close of INR 205 Crore for Franklin India Credit AIF – Scheme I

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.

About Franklin Templeton Alternatives

With more than 40 years of experience in alternatives and nearly 400 alternative investment professionals around the world, Franklin Templeton is one of the largest managers of alternative assets globally. The firm’s specialist investment managers, each with deep domain expertise, provide a diverse range of alternative asset capabilities including private equity secondaries and co-investment funds (Lexington Partners), private credit (Benefit Street Partners and Alcentra), real estate (Clarion Partners), as well as hedged strategies, venture capital and digital assets. Franklin Templeton manages over US$ 250 billion in alternative assets as of 31 March 2025.

About Franklin Templeton 

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in equity, fixed income, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and US$1.53 trillion in assets under management as of March 31, 2025.,