To generate a stable 13 – 15 % net IRR (INR) with low correlation to public markets by creating a diversified pool of short-to-medium tenor (18–36 m) senior-secured loans to Indian corporates in transition-or “event” phases—cap-ex expansion, acquisition finance, buy-back, pre-IPO bridge, etc.

Past performance may or may not be sustained and does not guarantee future results.

1. Performing Private Credit Focus Target BB / BBB-rated borrowers with identifiable cash-flow triggers; avoid stressed or NPL resolutions.
2. Structural Seniority 1st-lien security on hard assets + cash-flow escrow; average LTV ≤ 55 %.
3. Short-Dated, Floating-Rate Coupons reset every 3–6 m, limiting duration risk in rising-rate cycles.
4. Concentrated yet Diversified 15-18 positions; single-borrower cap 10 % of corpus. Current exposures span renewable energy, diversified conglomerates, financial services and flex-workspace operators (“Project Elf”).
5. Active Risk Management Monthly MIS from borrowers, external forensic audits pre-drawdown, and an in-house collections team; average recovery cycle < 30 days on covenant breaches.

360 ONE believes that India’s private-credit white-space sits between tightly regulated banks (retreating from mid-BBB risk) and high-cost NBFCs. By combining bank-style diligence (the 5 Cs framework: Character, Capacity, Collateral, Covenants, Conditions) with fund-style agility, IOF-5 aims to capture an optimal risk-reward— equity-like returns with credit-side volatility.

Key Fund Terms