DMI Alternatives debuts private credit fund, hires Omers alumnus

India’s DMI Alternatives raised $120 million for its inaugural private credit fund and hired former Ontario Municipal Employees Retirement System investor Harein Uppal to lead it. The fund’s focus is to invest in sectors that benefit from long-term growth trends driving India’s economic expansion, including health care, technology and financial services, according to the firm. It will provide financing “tailored to Indian companies well-positioned for sustainable growth.”Private credit activity is surging i ...