Lighthouse Canton launches INR 1,200 crore (USD 130 million) LC Luminere Credit Fund focused on India's evolving private credit opportunity
National, 14th May 2026 – Lighthouse Canton, a global investment institution with over USD 5 billion in assets under management, including several pan Asia credit and hybrid funds, today announced the launch of a SEBI registered LC Luminere Credit Fund, a Category II Alternative Investment Fund (AIF) focused on capitalizing India's fast-growing private credit market. The fund is targeting a corpus of INR 1,200 crore (USD 130 million), including a greenshoe option, with a tenure of six years (average deal tenure of around three years). The fund shall make structured credit investments in mid-to-large companies and aims to deliver attractive risk-adjusted returns, with stable periodic cash yield.
India's private credit market has witnessed significant growth, driven by a structural credit supply gap, regulatory constraints on traditional lenders, and increasing demand for non-dilutive capital among mid-sized enterprises and their promoters. The fund is designed to address this through senior secured structured credit strategies that combine predictable income with equity-like returns. LC Luminere Credit Fund strategy is centered on senior secured lending to real-economy companies, supported by robust collateral. The fund will deploy capital across growth, acquisition, sponsor-backed, refinancing, and cross-border opportunities among others.
The fund brings significant experience in emerging market credit investing, alongside institutional governance and global perspectives that strengthen Lighthouse Canton's alternatives platform. LC Luminere Credit Fund will invest in high-quality companies with strong governance, leadership and proven operating histories.
Fund Strategy and Market Opportunity
Sanket Sinha, Managing Director & CEO, Global Asset Management, Lighthouse Canton, said: "India is entering a pivotal phase of private credit expansion, supported by strong macro fundamentals and a widening gap between credit demand and supply. LC Luminere Credit Fund is designed to deliver consistent, risk-adjusted returns by focusing on fundamentally strong businesses and disciplined credit underwriting. We believe this is the right fund at the right time, built for India's credit cycle and backed by the institutional depth to deliver."
Capital Deployment Strategy
Pranob Gupta, Managing Director and Business Head – India Alternatives, Lighthouse Canton, said: "Our strategy is rooted in capital preservation, strong structuring, and deep sponsor diligence. We aim to provide investors access to institutional-grade private credit opportunities while offering borrowers flexible, non-dilutive capital solutions. With a highly selective investment approach, we aim to deploy capital in a limited number of high-conviction opportunities."
The fund is led by a dedicated investment team with strong track record of successfully deploying over USD 2 billion in special situations and structured debt investing across top tier financial institutions.
Robust Deal Pipeline and Origination Network
Lighthouse Canton's private credit strategies are backed by an extensive origination network, with access to over 500 issuer relationships and 1,000+ promoter families, enabling a strong pipeline of proprietary deal flow. With the investment institution's pan-Asia alternatives platform and capabilities, the fund has already warehoused its first investments and has a robust pipeline across sectors like industrials, conglomerates, and consumer companies.
Read more about the fund: https://www.lighthouse-canton.com/in/our-businesses/asset-management/private-market-funds/lc-luminere-credit-fund
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