The scheme is run by ICICI Prudential AMC’s Private Credit desk, a group of longtenured ex-bankers and rating-agency professionals who sit within the AMC’s ₹50,000 cr alternatives platform. Risk, legal and operations functions operate under the AMC’s ISO-certified governance framework.

Generate a 13–15 % gross IRR (₹) by creating a diversified pool of short- to mediumtenor (3-5 yr) senior-secured loans and NCDs, each structured with cash-flow escrows, amortising schedules and promoter guarantees where relevant.

Track Record to-date

Yields are contractual or realised; future performance is not guaranteed.

1. Structured Seniority – first-lien or pari-passu charge on operating assets; promoter guarantees wherever possible.
2. Cash-Flow Discipline – monthly escrow sweeps; quarterly amortisation to accelerate principal recovery.
3. Concentration Caps – single borrower exposure limited to ≤ 25 % of investable funds; target book 13–15 names for balance-sheet resilience.
4. Event-Linked Upside – many deals include PUTs/step-ups at IPO, asset monetisation or rating upgrades (e.g., 50 bps coupon kicker post-construction top-ups).
5. Active Monitoring – fortnightly borrower MIS, site visits, external forensic audits and trustee-monitored escrow accounts.

“Yield with safeguards.” The fund prices each loan off three pillars—Promoter Character, Cash-flows, Collateral—and insists on contractual levers (PUTs, covenants, security top-ups) that protect principal while preserving attractive running coupons.
Risk Mitigation Framework

• Diversification – multi-promoter, multi-sector pool; no asset > 25 % of investable funds.

• No Leverage at Fund Level – the scheme itself does not borrow.

• Independent Valuation – 3rd-party twice a year; trustee oversight.

• Exit Visibility – each deal mapped to refinance, asset sale or coupon-driven amortisation within fund tenor.

• Family offices & UHNWIs seeking double-digit INR yield with hard-asset collateral.

• Institutions allocating to private credit for duration-barbell and diversification.

• Global feeders requiring a SEBI-regulated, governance-heavy platform in India.