Satin Growth Alternatives Limited (SGAL), a wholly-owned subsidiary of Satin Creditcare Network Limited (SCNL) and registered Investment Manager, has launched SGAL-Scheme 1 after securing SEBI approval.
The fund is targeting its first close as the next milestone, already backed by strong soft commitments.
The debut Rs 200 Crore Category II Alternative Investment Fund (AIF) aims to back businesses focused on Inclusion, Sustainability, and Impact, with an average ticket size of INR 4 to 5 Crore, going up to INR 10 Crore.
Leveraging SCNL’s extensive presence across 550+ districts, SGAL-Scheme 1 offers superior portfolio sourcing through grassroots-level vetting of high-potential businesses. The fund’s innovative quasi-equity/debt instruments are designed to balance downside protection with equity upside potential.
The fund will be led by VC and consulting professional Shivika Sethi, Partner at SGAL since October 2025, with approximately 14 years of experience. Having previously managed two $100 Million funds and led numerous investments, she brings a strong track record to this new initiative.
Dr. H.P. Singh, Chairman cum Managing Director, Satin Creditcare Network Limited, said, “As a first-generation entrepreneur and a strong advocate of innovation and women empowerment, I am particularly excited about the kind of disruptive and high-potential businesses that SGAL-Scheme 1 aims to support. This initiative not only reflects our commitment to fostering inclusive and sustainable growth, but also creates an opportunity for our talented team to step into larger leadership roles. I look forward to seeing how they evolve, take ownership, and contribute to building a differentiated investment platform that delivers both strong financial returns and meaningful impact.”
Aditi Singh, Director SGAL and Chief Strategy Officer, SCNL, said, “This fund represents a truly differentiated approach within the Category II AIF space, anchored in our unique quasi-equity/debt thesis, deep structuring expertise, and SCNL’s unparalleled grassroots reach. At its core, the strategy is designed to empower women-led and women-focused businesses, enabling greater financial inclusion and unlocking opportunities at the last mile. By bridging the gap between traditional debt and equity, we aim to provide flexible, growth-oriented capital to enterprises that are often underserved. In today’s dynamic market environment, this approach not only strengthens resilience but also drives sustainable value creation—fostering entrepreneurship, advancing gender equity, and delivering meaningful impact alongside strong returns.”
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