360 ONE Asset Management is raising as much as $500 million for its sixth private credit fund, betting that investor demand in India remains strong even as capital flows dry up in many other markets. The fund could launch as early as June, according to people with direct knowledge of the discussions, which are being kept private for now.

The new fund will pursue wealthy individuals and family offices across India, along with overseas institutions, suggesting the firm expects demand to stretch beyond its traditional base. This comes as global fundraising for alternative credit has cooled, making India's continued appetite a noteworthy data point for fund managers watching where capital still flows.

For 360 ONE, a sixth fund of this size signals confidence that the Indian private credit market has room to grow. Investors have shown willingness to commit capital despite headwinds elsewhere, which gives the firm pricing power and a meaningful edge over competitors trying to attract the same pools of money. India's alternative credit sector is proving resilient in a tightening environment.