"Edited excerpts:The domestic factors, as well as, the company related factors come into play more than the global factors. Most of the supplies are in the domestic market, which are your HNI family offices and maybe some of the corporate treasuries. Now that segment on the supply side is doing well, because till at least two months back everything was moving up. However, what necessitated this shift to an AIF private credit is definitely IL&FS and then obviously the pandemic.The transactions from the NBFC balance sheets made one realize that the liquidity was becoming a challenge. I mean, typically the debt allocation is let's say Rs 60 and the equity allocation is Rs 40.

Source: Economic Times March 26, 2022 22:41 UTC