JM Financial Asset Management has launched its second Credit Alternative Investment Fund (AIF), named JM Financial Select Credit Fund II (SCF II), with a base size of ₹1,000 crore and a greenshoe option of another ₹1,000 crore, taking the total potential corpus to ₹2,000 crore.
The fund is structured as a Category II Alternative Investment Fund focused on providing structured credit solutions to businesses with stable cash flows and strong fundamentals. It is designed to target performing credit opportunities while delivering risk-adjusted returns to investors.
SCF II continues the firm’s strategy of expanding its credit-focused alternative investment offerings in India’s growing private credit market. The fund aims to bridge financing gaps for mid-sized and large companies seeking non-traditional funding solutions beyond conventional bank lending.
The investment strategy will be led by Amit Dharod, Managing Director of Alternative Assets, who joined JM Financial Asset Management last year. He brings more than 25 years of experience across institutions including ICICI Bank, GE Capital Services India, and The Royal Bank of Scotland.
With this launch, JM Financial is reinforcing its position in India’s structured credit and alternative investment space, where demand for flexible, non-bank capital solutions continues to rise among corporates with strong operating performance and predictable cash flows.
