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Kanchan Jain, head of Ascertis Credit Group, said Fund IV is targeting returns in the mid-teens, with interest from insurance companies, pension funds, development finance institutions and large family offices, among others. The fund has yet to reach its final close, she said. Read more: US stocks today: Nasdaq leads Wall Street higher as SpaceX, Super Micro lift AI sentiment Jain said the fund has begun deploying capital and has a healthy pipeline of investments as it looks to build a portfolio of 35-40 companies. Ticket sizes will vary according to the financing needs of individual businesses. The strategy is to create a diversified portfolio of performing companies rather than concentrate on a particular transaction size, she said. Read more: Global Market Today: Asian stocks mixed as oil rally, AI concerns weigh on sentiment "We apply a very active portfolio construction approach and create a very diversified and granular underlying portfolio," Jain said, adding that the fund can participate in transactions ranging from about ₹200 crore to significantly larger deals. Over the 12 years since inception, Ascertis Credit has invested about $2 billion in portfolio companies across multiple sectors through five funds. Its investment focus is on Asia, especially India, Singapore and Southeast Asia, but excludes China. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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