Religare Credit Advisors

Religare Credit Advisors LLP (RCAL) is one of the leading originators/ managers of private debt transactions for mid-market companies in India. RCAL is an affiliate of Religare Global Asset Management (RGAM), a US $20 billion multi-boutique asset management platform focused on alternative investments. RCAL’s team of professionals specializes in private and secured debt structuring, risk management and underwriting, and possesses a deep understanding of Indian corporates, management teams and operations in the mid-market space. The team combines 100+ years of experience in credit, risk and structured transactions across international and Indian markets, at marquee international organizations as well as prominent Indian banks. The team currently manages several high yielding private debt investments across its Fund and co-investment arrangements with investors. With the first Fund nearing completion and almost fully deployed, the team is introducing new investment opportunities through a PMS platform and additional Funds. RCAL relies on a proprietary pipeline of Indian private credit investment opportunities and focuses on a combination of proprietary underwriting supported by appropriate technical due diligence from empaneled providers that allows it to source and fund differentiated transactions. It provides direct lending funds for growth, special situations, promoter financing, cash flow and enterprise value based debt in the form of both bespoke senior secured debt as well as mezzanine debt; with flexible borrowing terms as Indian companies look for alternative sources to bank financing. The specialized credit investment team at RCAL is able to deliver yields higher than vanilla debt while diversifying portfolio risks, through tightly covenanted and collateralized debt exposures, high quality due diligence, focus on issuers with established businesses and repayment track record; and repayment through operating cash-flows rather than capital market linked exits over investment horizons of 2-3 years. RCAL is committed to providing a transparent platform for investing in attractive debt opportunities in the Indian credit markets.