India’s 360 ONE Seeks Up to $500 Million for Private Credit Fund

India’s 360 ONE Asset Management is seeking to raise as much as $500 million for its sixth private credit fund, according to people familiar with the transaction, underscoring sustained investor appetite in the country even as fundraising slows elsewhere.

The fund may launch as early as June and is expected to target investors including wealthy individuals and family offices in India, as well as overseas institutions, the people said, asking not to be identified because the discussions are private.