Lighthouse Canton rolls out Rs 1,200 crore private credit fund
The fund will make structured credit investments in mid- and large-sized companies and focus on senior secured lending strategies.
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Global investment institution Lighthouse Canton has launched the SEBI-registered LC Luminere Credit Fund, a Category II Alternative Investment Fund (AIF), to tap India’s growing private credit market.
The fund is targeting a corpus of Rs 1,200 crore (about $130 million), including a greenshoe option, and has a six-year tenure with an average deal duration of around three years.
The fund will make structured credit investments in mid- and large-sized companies and focus on senior secured lending strategies aimed at generating risk-adjusted returns and periodic cash yields.
It plans to deploy capital across growth financing, acquisitions, sponsor-backed transactions, refinancing and cross-border opportunities.
Lighthouse Canton said the strategy is supported by an origination network with access to more than 500 issuer relationships and over 1,000 promoter families, helping build a pipeline of proprietary deals.
The fund has already warehoused its first investments and has developed a pipeline across sectors including industrials, conglomerates and consumer companies.
Lighthouse Canton manages more than $5 billion in assets and has over 220 professionals across offices in Singapore, Dubai, India and London.