Kapil Singhal

Kapil joined True North in early 2021 and is responsible for establishing the Private Credit business for True North platform. True North Private Credit has raised and fully deployed the 1^st fund and made investments in 28 companies with a total capital of ~USD 300mm (Rs 2700 cr). True North is now raising its second private credit fund and has already achieved its initial close  and raised till date ~$80mm – Rs 750 cr. Fund II has also started making investments (4 already done and 4 more in pipeline).Kapil has spent 30 years in Indian financial markets. Started in banking, moved through trading desks, built credit businesses, and eventually ended up running a private credit fund at True North focused on India’s mid-market. The career took him through ICICI Bank, GE Capital, Goldman Sachs, Deutsche Bank, Edelweiss, and KKR. Different institutions, different cycles, different lessons. The common thread was credit – how it gets structured, how it performs, how it is distributed, how the funds are raised and how it fails.In 2021, he founded True North Private Credit inside True North, one of India’s established private equity firms. The mandate was to build a direct lending platform for India’s mid-market from scratch. That work continues.Kapil holds an Electrical Engineering degree from IIT, Delhi and is an MBA from Faculty of Management Studies, Delhi.