By Anuj Suvarna
Artha Global Opportunities Fund has announced its maiden private credit investment in India, committing Rs 700 crore to fund the completion of Phoenix Triton, a premium commercial real estate project in Hyderabad’s financial district.
Structured as a four-year non-convertible debenture (NCD), the investment features a variable return model linked directly to project sales. The instrument includes a floor and cap on the interest rate, offering investors the potential for upside while aligning returns with the project鈥檚 cash flows. The structure is designed to reduce debt-servicing pressure on the developer during the project’s final stages.
鈥淎s we debut the first private credit investment from our over Rs 5,000 crore fund, we are bringing to the market innovative structures that solve real-world business challenges faced by Indian entrepreneurs,鈥 said Sachin Sawrikar, Managing Partner at Artha Bharat Investment Managers IFSC LLP, the fund鈥檚 investment advisor.
Legal advisory for the transaction was handled by AZB & Partners, while tax structuring was supported by BSR & Co, a KPMG affiliate.
The investment aligns with Artha Global鈥檚 broader three-part strategy: acquiring distressed assets in India and overseas, providing flexible private credit to profitable Indian businesses, and pursuing active private equity-style investments including venture debt.
Phoenix Global Spaces, the project鈥檚 developer, has operated in Hyderabad鈥檚 real estate market for over two decades and claims a 40% market share in commercial developments. The 2.8 million square foot Phoenix Triton is positioned as a Grade-A office space, featuring LEED Gold certification, smart technologies, and amenities such as a business centre, clubhouse, sky lounges, and full-service infrastructure. The G+41 floor tower is slated to be a high-profile addition to Hyderabad鈥檚 growing office corridor.
Sawrikar emphasised that Artha鈥檚 on-ground presence and networks in India will help channel global capital into credible domestic ventures. 鈥淲e look forward to connecting global capital pools with entrepreneurs offering innovative, value-creating propositions,鈥 he said.
Registered as a Foreign Portfolio Investor and among the first Category III AIFs to shift domicile from Mauritius to India, Artha Global Opportunities Fund now ranks among the top 10 fund managers in GIFT
City by assets, office presence, and employee strength.
The deal underlines the growing relevance of bespoke private credit structures in India鈥檚 real economy, especially as real estate and infrastructure developers seek non-dilutive capital solutions to complete high-quality assets amid tighter bank lending.
(Edited by Kanishk Singh)