JM Financial Asset Management has announced the launch of its second performing credit Alternative Investment Fund (AIF), further strengthening its presence in India’s rapidly growing private credit market.

The newly launched JM Financial Select Credit Fund II (SCF II) is a Category II AIF with a base corpus of ₹1,000 crore and an additional greenshoe option of ₹1,000 crore. The fund will focus on performing credit opportunities across sectors by lending to companies with stable cash flows, strong business fundamentals, and credible promoter track records.

According to the company, the strategy aims to provide structured financing solutions to high-quality businesses while generating attractive risk-adjusted returns for investors. The fund will be led by Amit Dharod, Managing Director – Alternative Assets at JM Financial Asset Management, who previously worked with Ascertis Credit, ICICI Bank, GE Capital, and Royal Bank of Scotland.

Commenting on the launch, Amitabh Mohanty, MD & CEO of JM Financial Asset Management, said that India’s private credit market is evolving rapidly as companies increasingly seek flexible and tailored financing solutions beyond traditional capital sources.

This marks another expansion of JM Financial AMC’s alternatives platform after recently launching a ₹1,500 crore Pre-IPO AIF and a ₹1,000 crore early-stage real estate fund, reflecting the broader industry trend of AMCs deepening their presence in private market and structured credit opportunities.