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How local private credit funds pulled ahead of foreign rivals in the mid-market

Currents · DistrictNews · 2026-09-07

How local private credit funds pulled ahead of foreign rivals in the mid-market

Domestic funds accounted for about 74% of private-credit deal value and 79% of deal volume in the first half of 2026. The share of global funds plunged to 26% from last year's 68%. Local funds have an advantage in mid-market deals, where local relationships, rupee funding and faster decision-making can matter as much as financing capacity.

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