Lighthouse Canton Launches ₹1,200 Cr LC Luminere Credit Fund Betting on India Private Credit’s Next Surge

It already warehoused its first deal quietly

Lighthouse Canton has launched the SEBI-registered LC Luminere Credit Fund, a Category II AIF aimed at funding India’s fast-growing private credit market. The ₹1,200 crore vehicle, with a six-year tenure and average deal duration of about three years, will make structured senior secured credit investments in mid-to-large corporates. The fund seeks stable periodic cash yield and “high teen” risk-adjusted returns, deploying capital across growth, acquisitions, sponsor-backed refinancing and cross-border opportunities. It has already warehoused its first investment and says a near-term pipeline is ready.