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Deliver superior risk-adjusted returns by offering flexible, capital solutions

The Private Credit strategy of True North provides diversification, scale and strong synergies, in line with the firm’s investment philosophy.

We partner with businesses who share our value system and entrepreneurs whose principles align with ours.

Our focus is on supporting middle-market companies which require bespoke financing solutions.

Fund I
  • ₹2,700 Cr including co-investment & redeployment, fully deployed.
  • 12 full exits and 7 partial exits.
  • 48 monthly distributions.
Fund II
  • ₹600 Cr raised and initial close completed, target ₹1,500 Cr.
  • 3 deals completed.
  • 7 deals in execution.

Vision

To be the preferred provider of private credit to middle market companies in India.

Mission

Create a business built on respect, research, relationships, diverse & inclusive culture and deliver risk-adjusted returns to our investors while providing value to our partner companies.

Respect for our investee companies, our investors, our service providers, our employees & our regulators.

Relationships to build a business on strong and lasting relationships with a focus on long-term alignment rather than short-term gains.

Deep Research focussed on industries, companies, credit markets to provide agile and bespoke financing solutions to our partner companies

Cultivate a diverse, inclusive and creative culture We encourage constructive conflict where personal expression is encouraged and potential is nurtured.

Stakeholder
Philosophy

We believe that it takes passion and hard work to build a high-performing business.

We remain committed to achieving win-win deal terms, with early deal certainty and a swift conclusion. We also understand that we are a “Solution Capital” provider with a cost significantly above the traditional providers of credit. We therefore allow timely exits if the Issuers/Borrowers so desire within the overall constraints of fund’s minimum holding and MOIC requirements.

Investment Philosophy

We are overly cautious about losing principal in any deal & we aim to deliver consistent promised returns with minimum volatility.

We believe in five principles of uncorrelated risk management

We support businesses and founders whose values align with ours. We understand that businesses go through cycles, and hitting a rough patch is a part of the process. Regardless of business upheavals, what matters to us is the founder's approach towards treating their stakeholders.