Ascertis Credit

Ascertis Credit, formerly known as BPEA Credit, is a Singapore-headquartered private credit investment firm specializing in performing credit solutions for mid-market and large-sized companies across Asia. Founded in 2011, the company rebranded from BPEA Credit to Ascertis Credit in October 2024 to align with its future growth objectives following... its separation from Baring Private Equity Asia Group, which had combined with EQT AB in October 2022 to form EQT Private Capital Asia. Ascertis Credit operates with offices in Singapore, Mumbai, and Delhi, employing a team of over 30 investment professionals with deep expertise in the private credit asset class. The firm is recognized as a pioneer and early mover in Asia's performing private credit space, focusing on providing bespoke, non-dilutive growth capital solutions to established high-growth companies in India and Southeast Asia, specifically targeting the ASEAN-6 economies which face a significant shortage of institutional and customized growth capital. Ascertis Credit has raised and manages five funds to date, having deployed over 1.5 billion dollars across portfolio companies in multiple sectors since inception. The firm's investment focus is on Asia excluding China, with particular emphasis on India and Singapore-Southeast Asia, which represent some of the fastest growing yet most underpenetrated credit capital markets in the region. In November 2025, Ascertis Credit announced the first close of its fourth fund, Fund IV, raising a record 520 million dollars with a total target of 1 billion dollars, marking one of the largest early closes ever recorded for a private credit vehicle in India. In January 2025, the firm announced the final close of its Ascertis Credit Select Short Term Income Fund I, raising approximately 1,000 crore rupees and exceeding its initial target of 750 crore rupees. The company provides customized capital solutions for diverse requirements including growth capital for capital expenditure, asset acquisition, order execution, and new ...Read More