Full Day Agenda
Summit Agenda
The IVCA Private Credit Summit is a curated, high-impact forum designed to facilitate meaningful dialogue among investors, fund managers, and credit practitioners.
09:45 AM - 10:20 AM
Registration & Networking
Attendees arrive, register, and network prior to the start of the summit.
10:20 AM - 10:30 AM
Opening Keynote Address
Speakers:
DS
Dev Santani
Managing Partner - Private Equity, Brookfield
10:30 AM - 11:20 AM
Panel Discussion: Private Credit 2035: Scaling the Next Trillion in India’s Financing Stack
As India’s economy accelerates, private credit is poised to evolve from an opportunistic strategy into a core pillar of the country’s financing architecture. This panel explores what the next decade holds for private credit, how large the market can realistically become, what structural shifts will enable scale, and how capital pools both domestic and global will be absorbed efficiently
Key themes:
•
Market expansion trajectories: How large can India's private credit ecosystem get by 2035?
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New structures and vehicles: Evolution of AIFs, private credit funds, co-lending models, securitisation platforms, and tokenised or tech-enabled credit markets
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Risk, regulation, and resilience: How regulatory frameworks, credit underwriting, and governance standards will mature alongside scale
•
India in the global credit map: Can India emerge as a major destination for cross-border private credit capital?
Speakers:
KA
Karthik Athreya
Managing Director, Sundaram Alternates
KS
Kavitha Subramanian
Senior Fund Manager, Private Credit, 360 ONE Asset
PG
Piyush Gupta
CEO, Investec Alternatives
RS
Rahul Shah
Partner, EvolutionX Debt Capital
SA
Sandeep Adukia
Senior Managing Partner, Ascertis Credit
VS
Vineet Sukumar
Founder and Managing Director, Vivriti Group
RV
Rajeev Vidhani (Moderator)
Partner, Khaitan & Co
11:20 AM - 11:50 AM
Fireside Chat: Allocating to India Private Credit : The Pension Capital Perspective
This fireside chat brings together leading institutional investors and pension capital allocators to unpack how their approach to India private credit will likely evolve over the next decade, what will drive larger, long-duration allocations, how risk‑return frameworks and governance standards will mature, and what it will take for India private credit to become a core, strategic allocation rather than a tactical exposure. Against the backdrop of a rapidly deepening domestic savings pool and growing appetite for stable, risk‑adjusted returns, the discussion will explore how global and Indian institutions including pension funds, insurance companies and other long-term investors, view India’s private credit opportunity
Key themes:
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Role of pension capital: Positioning AIFs as a vehicle for building a strong, domestic pool of patient, long-term capital for India’s private markets
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NPS fund-of-funds platform: Selection criteria, governance standards, and transparency mechanisms for allocating pension capital to AIFs
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Regulatory reforms and confidence: Impact of simplified investment categories and strengthened governance on pension fund participation in AIFs
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Allocation limits: Evolution of AIF exposure caps and the potential for increased limits as the ecosystem matures
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Fund structures and alignment: Do longer-tenor or perpetual AIF structures better suited to pension fund horizons
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Portfolio integration: Role of AIFs alongside REITs, InvITs, commodities, and other assets within diversified pension portfolios
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Manager capabilities: Expectations from AIF managers on diligence, reporting, risk management, and alignment to attract pension capital
Speakers:
SD
Shri Dinesh Kumar Khara
Chairperson, National Pension System (NPS) Trust
SS
Srini Sriniwasan
Managing Director, Kotak Alternate Asset Manager Limited and Chairperson, IVCA
11:50 AM - 12:30 PM
Panel Discussion: The Private Credit Spectrum: From Performing Yield to Opportunistic Alpha
As India’s private credit market deepens, the asset class is rapidly fragmenting into distinct yet interconnected strategy buckets, each with its own role in portfolio construction, risk calibration, and return generation. This panel brings together leading managers to explore how the full spectrum of private credit from performing mid-market lending and venture debt to special situations and distressed will evolve over the next decade, and how LPs should think about allocating across this “bouquet” of strategies
Key themes:
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Strategy evolution: How performing credit, venture debt, special situations, and distressed investing will grow and differentiate in the years to come
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Risk-return spectrum: Understanding yield vs. alpha strategies, downside protection mechanisms, and cycle sensitivity
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Deal origination edge: Proprietary sourcing, sponsor relationships, sector specialization, and data-driven underwriting
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Convergence and competition: Where strategy boundaries may blur and how managers will differentiate in a crowded market
Speakers:
AJ
Anshul Jain
Executive Director, Private Credit Strategies, Avendus
AS
Apoorva Sharma
Managing Partner, Stride Ventures
AO
Ashutosh Ojha
Managing Director & Head- Performing Credit, Neo Alternative Asset Managers
AK
Ashish Khandelia
Founder, Certus Capital
GM
Gurudutta Mishra
Managing Director, Multiples Alternate Asset Management
SD
Subhodeep Das (Moderator)
Executive Director, Great Value Capital
12:30 PM - 01:30 PM
Networking Lunch
A curated networking luncheon for delegates, speakers, and partners.
01:40 PM - 02:20 PM
Panel Discussion: From Niche to Core Allocation: Private Credit’s Role in Institutional Portfolios
This panel will explore how pension funds, insurance companies, family offices, and other sophisticated LPs may view private credit over the next decade, not simply as a yield-enhancement tool, but as an increasingly necessary part of a diversified alternatives portfolio
Key themes:
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Allocation shift: Why private credit is moving from a niche sleeve to a core component of institutional portfolios
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Diversification case: The correlation benefits, portfolio resilience, and income characteristics that make private credit more relevant in long-duration portfolios
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Standards for institutional capital: Governance, transparency, reporting quality, alignment of interest, and underwriting discipline expected from fund managers
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Risk-adjusted returns: How LPs assess yield, capital preservation, downside control, and relative value versus public fixed income, private equity, and listed equities
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Market-building requirements: What track record depth, team quality, fund structures, and performance evidence are needed to unlock larger LP commitments
Speakers:
AS
Abhimanyu Sofat
Head of Family Office & CIO, Dempo Group
NJ
Nilang Jain
Partner & CIO, Greengen Family Office
PP
Pradeep Pasari
Head, Renu Munjal Family Office
SJ
Sachin Jain
EVP - Family offices and Corporate Treasury, TriGen Wealth
SB
Sandeep Baid
President, DSP Finance
JM
Jigar Mehta (Moderator)
Associate Partner, Price Waterhouse & Co
02:20 PM - 02:40 PM
Fireside Chat: Raising and Scaling India Private Credit - The GP Perspective
This fireside chat brings a leading private credit fund managers to discuss how GPs are approaching fundraising for India-focused credit strategies in an evolving capital environment. The conversation will explore how managers are positioning India within global portfolios, building differentiated strategies, and addressing LP expectations on returns, governance, and transparency.
Key themes:
•
Fundraising outlook: How GPs are navigating capital raising cycles, LP appetite, and scaling fund sizes through 2030-2035
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Positioning India credit: Articulating the India opportunity within global private credit portfolios and relative value versus other markets
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Strategy differentiation: Sector focus, deal sourcing, structuring capabilities, and the role of special situations, performing credit, and hybrid strategies
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Building LP trust: Track record development, underwriting rigor, governance standards, and alignment of interest
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Addressing LP concerns: Managing risk perception, liquidity, exits, and consistency of returns across cycles
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Domestic vs global capital: Balancing offshore institutional LPs with the growing domestic investor base including insurers, pension funds, and family offices
Speakers:
AD
Aakash Desai
CIO and Head, Private Credit, 360 ONE Asset
RV
Rajeev Vidhani
Partner, Khaitan & Co
02:40 PM - 03:00 PM
Fireside Chat: India’s Alternatives Opportunity: Capital, Scale, and the Next Phase of Growth
India’s alternatives ecosystem is at an inflection point, supported by a maturing institutional investor base, increasing global allocation, and a structural shift towards diversified, long-term sources of return. Across private equity, real assets, infrastructure, and private credit, investors are rethinking portfolio construction to balance growth, yield, and resilience in a more uncertain macro environment. Within this broader shift, private credit is gaining prominence as a flexible and scalable strategy, particularly as India enters a capital-intensive phase of economic expansion led by infrastructure, energy transition, and industrial growth.
Key themes:
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The evolution of India’s alternatives landscape: how investor allocation across private equity, real assets, infrastructure, and credit is changing, and what is driving this shift
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How global and domestic capital are viewing India’s alternatives opportunity today, and where the next pockets of scale are emerging
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The emergence of private credit within the alternatives spectrum as a solution for flexible, structured, and risk-adjusted capital across sectors
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Where credit strategies are gaining traction, including structured financing, asset-backed opportunities, and special situations
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How infrastructure is becoming a key demand driver for alternative capital, particularly across renewables, transport, logistics, and urban platforms
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The role of private credit in enabling infrastructure build-out across construction, operational stabilisation, refinancing, and transitional capital needs
Speakers:
AA
Amit Agarwal
Chief Executive Officer, EAAA Alternatives
KS
Kunal Shah
Partner, Price Waterhouse & Co LLP
03:00 PM - 03:20 PM
Networking High Tea
Delegates gather in the main hall to interact and explore partner displays.
03:30 PM - 04:10 PM
Panel Discussion: Financing the Missing Middle: Next Frontier of Private Credit
Key themes:
•
Deconstruct market evolution: Analyse the structural shift of India's private credit sector from fragmented, opportunistic deal-making into highly organized institutional asset allocation models
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Evaluate institutional capital inflow: Examine investor appetite, scalability requirements, and private equity playbooks driving market gaps and whitespace opportunities across mid-market corporates
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Define underwriting maturity: Address how expanding networks can leverage public digital rails, cash-flow signals, and transaction footprints to replace collateral-heavy frameworks
•
Identify future frontiers: Highlight long-term growth opportunities, operational hurdles in executing programmatic origination efficiently, and structural safeguards ensuring robust portfolio resilience during stress cycles
Speakers:
AB
Ankur Bansal
Co-founder & Managing Director, BlackSoil Capital
BB
Bhavdeep Bhatt
Chief Executive Officer, Northern Arc Investment Managers
MJ
Monu Jain
Partner, Aavishkaar Capital
AS
Anand Shah
Senior Partner, AZB & Partners
VM
Vinod Murali
Cofounder & Managing Partner, Alteria Capital
MS
Madhur Singhal (Moderator)
Managing Partner, Private Capital, Praxis Global Alliance
04:10 PM - 04:30 PM
Fireside Chat: Navigating India’s Private Credit Inflection: Regulation, Risk, and the Next Opportunity Cycle
Speakers:
BN
Bahram N. Vakil
Founding Partner, AZB & Partners
AS
Abizer S Diwanji
Founder, NeoStrat Advisors LLC
04:30 PM - 04:40 PM
Closing Remarks
A brief synthesis of the day’s most consequential conversations where consensus emerged, where debate continues, and what the industry collectively commits to advancing.
Speakers:
Rajat Tandon
President, IVCA
04:40 PM - 06:00 PM
Networking Cocktails
End the day with cocktails and networking in the main reception hall.
