以私募股权投资闻名的TVS Capital Funds（简称TCF）通过推出TVS Alts进入了私募信贷市场，以期挖掘对另类融资的需求。
TVS Capital Funds (TCF), known for its private equity investments, has entered the private credit market with the launch of TVS Alts, looking to tap demand for alternative financing.
拟议中的基金初始目标资金规模为75亿元卢比，并设有5亿元卢比的绿鞋期权（超额配售选择权）。
The proposed fund will target an initial corpus of Rs 750 crore, with a green-shoe option of Rs 500 crore.
TCF由企业家兼投资者戈帕尔·斯里尼瓦桑（Gopal Srinivasan）于2007年创立，一直专注于投资印度的成长期企业。
Founded in 2007 by entrepreneur and investor Gopal Srinivasan, TCF has focused on investing in growth-stage businesses in India.
TVS Alternatives执行主席兼TCF高级顾问和运营合伙人希姆·斯里尼瓦桑（Shyam Srinivasan）是该新平台创始人之一。他将凭借在银行业和金融服务领域的经验，领导该平台的发展。
Shyam Srinivasan, Executive Chairman of TVS Alternatives and Senior Advisor and Operating Partner at TCF, is one of the founders of the new platform. He will lead its development, drawing on his experience in banking and financial services.
“我们明确将关注表现型信贷，”TVS Alternatives联合创始人兼执行主席希姆·斯里尼瓦桑表示。
“We are clear about looking at performing credit,” said Shyam Srinivasan, Co-founder and Executive Chairman of TVS Alternatives.
“我们的重点将是信用状况良好、底层基本面强劲且有充分担保的公司。我们打算维持严格的承销标准，并在信贷质量和定价的方法上保持纪律，”他补充说。
“Our focus will be on companies with sound credit profiles, strong underlying fundamentals and adequate security. We intend to maintain stringent underwriting standards and remain disciplined in our approach to credit quality and pricing,” he added.
拟议中的基金将进行跨行业投资，并满足一系列融资需求，包括桥式融资、首次公开募股前（pre-IPO）融资以及与并购相关的融资。
The proposed fund will invest across sectors and meet a range of financing needs, including bridge financing, pre-IPO funding and M&A-related funding.
TVS Alts已获得内部批准，并已向印度证券交易委员会（SEBI）提交了申请。该基金预计将在未来几周内获得所需的监管批准。
TVS Alts has received internal approvals and has filed applications with the Securities and Exchange Board of India (SEBI). It expects to receive the requisite regulatory approvals in the coming weeks.
该基金将专注于向表现良好的公司提供有担保贷款，单笔投资规模在4亿元卢比至10亿元卢比之间，目标回报率约为17%。
The fund will focus on secured lending to performing companies, with individual ticket sizes ranging from Rs 40 crore to Rs 100 crore and targeted returns of around 17%.
与TCF的私募股权业务一样，私募股权信贷策略也将主要依赖国内资本。潜在投资者包括保险公司、银行财务部门以及寻求多元化投资组合的企业。
Like TCF’s private equity business, the private credit strategy will rely predominantly on domestic capital. Potential investors include insurance companies, bank treasuries and corporates looking to diversify their portfolios.