Mumbai, July 9: At Indian Venture and Alternate Capital Association Private Credit Summit 2026 today, Shri Dinesh Kumar Khara, Chairperson, National Pension System Trust, joined a fireside chat with Srini Sriniwasan, Managing Director, Kotak Alternate Asset Managers Limited and Chairperson, Indian Venture and Alternate Capital Association . Titled “Allocating to India Private Credit – The LP Perspective”, the session focused on the outlook for institutional investment in India’s private credit market over the next decade, as well as how private credit could emerge as a core allocation within institutional portfolios.
Shri Khara highlighted the role of institutional capital in India’s private credit ecosystem and the need for a robust framework to support long-term participation in this asset class. He touched upon regulatory clarity, exit pathways, data transparency, and greater domestic participation as key enablers for this segment.
“India is today a USD 4 trillion economy. At this point in time, private credit accounts for nearly 6-7% of GDP, translating into an industry of around USD 25–30 billion. Looking at the way the ecosystem is evolving and the increasing availability of private credit, my expectation is that this industry has the potential to become a USD 100 billion Industry in the coming years. More importantly, the recent growth in this space reflects the significant opportunity that private credit presents in supporting India’s economic development,” said Shri Dinesh Kumar Khara, Chairperson, National Pension System Trust.
He also noted the importance of manager selection as the private credit landscape matures, emphasising investor confidence and a supportive ecosystem as essential for the growth and institutionalisation of this segment.
“For long-term institutional investors, trust remains the cornerstone of any investment decision. That trust is built through responsible fund management, strong governance standards, disciplined underwriting and the consistent ability to deliver outcomes across market cycles. As the private credit ecosystem continues to mature, these factors will be instrumental in attracting greater domestic institutional participation. At NPS Trust, we are also working towards developing an appropriate framework to evaluate private credit opportunities so that this emerging asset class can be assessed with the same level of rigour expected of long-term retirement capital,” Shri Dinesh Kumar Khara added.
The IVCA Private Credit Summit is an industry platform that brings together leading domestic and global investors, private credit funds, banks, NBFCs, Asset Management Companies , Asset Reconstruction Companies family offices, wealth managers, institutional investors, policymakers, regulators and industry practitioners to deliberate on the evolving landscape of private credit in India. The 2026 edition of the Summit is supported by 360 ONE as the Platinum Partner; Avendus, Certus Capital, EAAA Alternatives, NEO Alternative Asset Managers and Vivriti AMC as Gold Partners; and Khaitan & Co. and Sundaram Alternates as Strategic Partners. Through thought-provoking discussions and cross-sector collaboration, the Summit aims to strengthen India’s alternative credit ecosystem, encourage innovation in financing solutions and support the country’s long-term capital formation.