UTI Alternatives: Building India’s Most Trusted Private Market Investing Platform

When UTI Alternatives ventured into AIFs in 2017, it began with a clear conviction - that there was large underbanked whitespace in the mid-market corporate segment ripe for the picking. With a small but experienced founding team, and a clear mandate from UTI AMC to build something enduring, the journey began not in splashy headlines, but in careful underwriting, deep diligence, relationships built to last decades, and a belief that alignment of interests results in win-win outcomes.

At the heart of UTI Alternatives’ story is its founding team: career finance professionals who brought with them over 100 years of combined experience from leading institutions. The founding leadership believed that credit, especially in the Indian context, needed a fundamentally different approach—one that was grounded in risk management, active portfolio engagement, and structured downside protection, rather than the pursuit of unsustainable yield.

From the beginning, UTI Alternatives chose to stay clear of large-ticket deals, promoter-led special situations, and flashy bets. Instead, the team quietly built a proprietary pipeline of mid-sized, underbanked corporates coupled with a rigorous and intensive underwriting and risk management process. The firm’s SDOF (Structured Debt Opportunities Fund) series has long since proven the founding belief and in the process established itself as a brand in itself.

Quite a few things—but above all, it has remained true to its DNA. The platform has never chased volume or AUM for the sake of optics. Majority of the investments are originated in-house, all are rigorously underwritten with a conservative lens, and monitored intensively

The results speak for themselves:since 2017, UTI Alternatives has launched multiple strategies including Performing Credit (SDOF series), Real Estate Credit (ROF), Special Situations & Distress (AROF) and Structured Equity. With multiple exits,the platform has proven its ability to not just deploy capital but to return it—with returns. The strategies managed by UTI Alternatives span the entire spectrum of credit with one defining feature – a heavy bias towards capital preservation.

What truly differentiates UTI Alternatives is its core competency in bespoke structuring and credit underwriting. This is not a plug-and-play investment shop. Each transaction is tailored—from repayment waterfalls to cash flow escrows, from covenants to credit enhancement The firm thrives on complexity and turns it into opportunity. Whether it’s a holding company investment, a real estate investments-backed structure, or a manufacturing business with seasonal cash flows, UTI Alternatives finds a way to create value while managing risk.

Today, the platform manages multiple active funds, it continues to attract high-quality capital from domestic and international investors who value transparency, alignment, and performance. The commitment to skin in the game remains strong—with sponsor capital and team participation in every fund.

From small beginnings to becoming one of India’s most respected names in private market investing, UTI Alternatives has never lost sight of what matters: protecting investor capital and aligning interests for win-win outcomes.