Singapore-based Ascertis Credit secures $700 million for Fund IV

Singapore-based Ascertis Credit has secured $700 million for Fund IV, marking a new fundraising milestone for the credit investment firm.

Fund targets mid-teens returns

Kanchan Jain, head of Ascertis Credit Group, said the fund is targeting returns in the mid-teens. The return objective was disclosed alongside the fundraising.

The latest fund’s size and target return provide the key details available on Ascertis Credit’s new vehicle. No further information was provided on the fund’s investment strategy, geographic focus, fundraising timeline or deployment plans.

What is known about Fund IV

• Ascertis Credit is based in Singapore.
• Fund IV has secured $700 million.
• The fund is targeting returns in the mid-teens.
• Kanchan Jain is head of Ascertis Credit Group.

Fund IV’s targeted returns will remain a central measure of its performance as the fund progresses, although the available information does not specify how or when that objective will be assessed.