• India's private credit assets under management are projected to reach $80 billion-$90 billion within five years, from roughly $25 billion.
• Slower deployment signals market maturation rather than retreat; record investment of $15.6 billion in 2025 was skewed by large transactions.
• Private credit accounted for one in four Indian deals in 2025, up from one in five in 2024.
• Returns above 17%-18% increasingly depend on complex financing structures, raising the importance of valuation discipline and stress-testing underwriting assumptions.
• India's market is dominated by closed-end funds prohibited from using fund-level leverage, limiting exposure to redemption-driven liquidity pressures.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Houlihan Lokey Inc. published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.