Sundaram Alternates Assets, the alternative investment arm of Sundaram Finance Group, has announced the appointment of Karthik Athreya as Managing Director.

With over 26 years of industry experience, Athreya has been a key member of the organisation, spearheading the Private Credit Investments division for nearly a decade. During his tenure, he has played a pivotal role in driving the firm’s growth, strengthening its investment capabilities, and shaping its strategic direction.

Prior to joining Sundaram Alternates, Athreya headed the India business for Clearwater Capital Partners, a pan-Asian special situations fund, where he oversaw more than USD 1 billion in investments across secured lending, restructurings, bond trading, and mid-market private equity.

Under his leadership, private credit vertical has emerged as a cornerstone of Sundaram Alternates’ growth story. The platform has launched seven private credit funds with total commitments of ₹4,400 crore and deployed over ₹5,600 crore in high-yield credit opportunities. 

Harsha Viji, Executive Vice Chairman, Sundaram Finance, said, Karthik has been instrumental in driving growth and innovation within our investment platform, and I am confident that in his new role as a Managing Director, he will continue to lead us to excellence with his strong understanding of our group’s culture and dedication to our mission. Sundaram Alternates is a key facet of the Sundaram Finance group’s strategy, and we have grown assets under management to over Rs. 7,000 crores and will continue to grow under Karthik’s capable leadership.

Karthik Athreya, Managing Director, Sundaram Alternates Assets, said, “Sundaram Alternates stands at a powerful inflection point—a place where a rich heritage of trust perfectly aligns with India’s rapidly accelerating appetite for sophisticated alternative investment solutions. We have a strong platform from which we can launch a wide range of interesting products to cater to the needs of discerning investors.” He concluded by saying, “I am grateful for the confidence shown by the Board and the leadership, and I look forward to building upon our track record of performance, partnership, and execution.”