about LC Luminere Credit Fund
LC Luminere Credit Fund is the scheme of LC Luminere Alternatives Trust which is registered as a Category II AIF. This is a sector-agnostic, closed-ended performing credit fund designed to make senior secured investments in high quality sponsor backed mid-market corporates in India. The fund combines institutional governance, independent origination, and cross-border capital access on a single, conflict-free platform, offering investors exposure to India's expanding private credit investing opportunities with regular income distributions.
Invest in high quality sponsor backed corporates
The fund targets high-quality mid-market corporates with robust governance, a proven business history, and strong market positions in growing sectors. These are operationally profitable, cash-flow-generating businesses that require bespoke capital solutions that conventional bank lending channels are unable to address due to regulatory restrictions, structural complexity, or turnaround dynamics.
Domestic leg of multi-jurisdictional transactions involving Indian Opco + Offshore Holdco structures
Stake consolidation, PE exit financing, and promoter financing for specific non-bankable end use
Funding corporate acquisitions with structured credit and robust security wraps (possibly dual recourse structures)
Capital expenditure and working capital for operationally profitable businesses scaling into new markets or capacity
Replacing existing debt with more efficient structures for corporates with good banking history but curtailed access
Tactical credit solutions involving capital market event-linked opportunities in companies experiencing sectoral tailwinds
The typical borrower profile features low-to-moderate leverage, robust security cover including hard assets, share pledges, promoter personal guarantees, corporate guarantees/support, and financial covenants. The fund does not engage in real estate developer financing, project financing, distressed or business turnaround situations, bail-outs, early-stage companies, asset light businesses, and businesses with governance or regulatory issues.
MD & CEO, Global Asset Management
Sanket brings with him over one-and-a-half decades of expertise in investment management, structured credit, and private financing. Sanket has worked with renowned global financial institutions including Edelweiss Financial Services, X10, and Deutsche Bank. He also holds a unique distinction of being a co-founder of a fintech venture, which enables him to have unique insights into this domain. Sanket has executed over US$750M of private investment transactions across sectors like life sciences, logistics, marine, roads, real estate, and technology. Sanket received his degree in Bachelor of Engineering from the University of Mumbai and an MBA from the Indian Institute of Management (IIM) Kozhikode. Sanket is also a Chartered Financial Analyst (CFA).
MD & Business Head India, Credit and Hybrid Alternatives
Pranob Gupta is MD & Business Head for Lighthouse Canton's India Credit & Hybrid Alternatives business. Pranob's role involves expanding the current funds platform, leveraging his extensive experience in proprietary origination, investment management, and building cross-border partnerships. Bringing over 23 years of experience in the industry, Pranob joins from JM Financial, where he served as MD and CIO of the Credit Alternatives platform. Prior to that, he held senior leadership roles at 360 One, KKR, and Kotak Alternates, with earlier career stints at Deutsche Bank and Credit Suisse in similar domains.
ED, Credit and Hybrid Alternatives
Parag is Executive Director of Lighthouse Canton's Credit and Hybrid Alternates business, part of the Asset Management division. Based in Mumbai, he leads origination, structuring, and execution of high-yield transactions for Indian issuers. Parag brings over 18 years of experience in private credit, corporate finance, and investment banking, covering high-yield and distressed credit, capital raising, and mergers and acquisitions advisory. He previously held senior roles at JM Financial and Deutsche Bank.
AVP, Credit and Hybrid Alternatives
Associate
