Additionally, the firm is embarking on a multi-asset fund series, having already secured $200 million in commitments.

The company's strategy is to tap into investment opportunities across structured equity, performing credit, distressed assets, and real estate.

The firm's focus on providing flexible financing solutions to mid-market companies with capital requirements under $25 million has been a significant driver. UTI Alternatives’ previous funds have shown impressive returns; the Rs 700-crore Structured Debt Opportunities Fund I has returned over 90% of its capital, while the ₹500-crore SDOF II, raised during the pandemic, remains in investment mode. The second series of its flagship performing private credit fund is currently tracking an internal rate of return (IRR) of 17%.

The company also has a $100-million Real Estate Opportunities Fund I, expected to close at $250 million, focusing primarily on residential real estate, particularly last-mile financing for late-stage projects. The targeted IRR is 20% from the third private credit fund.

To address diverse business needs and risk appetites, UTI recently launched the Credit Opportunities Fund (COF) I and Asset Reconstruction Opportunities Fund (AROF) I. The COF aims for a gross IRR of 12-14%, while AROF targets a higher yield of 22-24%.