Lighthouse Canton, a Singapore-based global investment firm with over US$6 billion in assets under management, has closed a private credit investment of 1,050 million rupees ( US$11 million ) in Emerald Leisures, which owns and operates Club Emerald, a premium multi-sport, hospitality and recreational destination in Mumbai.

The transaction reflects continued momentum in deal activity for Lighthouse Canton India's Credit Alternatives business and its LC Luminere Credit Fund. The investment provides long-term capital to support Emerald Leisures' strategic growth initiatives.

Structured as secured non-convertible debentures, the facility is designed around the company's operating cash flows and is supported by a comprehensive security package comprising hard-asset collateral, escrowed cash flows, promoter support, and identified liquidity events.

“The structured credit solution has provided us with the flexibility to accelerate our growth while preserving our long-term strategic vision. More than just capital, it offers a financing structure that supports sustainable growth and positions us to capitalize on future opportunities," says Jaydeep Vinod Mehta, group chairman of Techno Group, parent company of Emerald Leisures.

Lighthouse Canton has been delivering bespoke structured financing solutions for established Indian businesses. Through its India private credit platform, the firm continues to partner with businesses and promoters by providing flexible capital solutions tailored to their strategic financing requirements across sectors.

Pranob Gupta, managing director and business head for India alternatives ( credit and hybrid strategies ) at Lighthouse Canton, notes: "We see a significant opportunity in private credit for mid-market companies, particularly in deals in the 100-500 crore range, where we can achieve superior risk-adjusted returns backed by strong security structures with hard assets."

Lighthouse Canton's asset management business works closely with ultra-high-net-worth individuals, family offices, institutional investors and global investors, and has strong internal capabilities across private credit, growth debt, venture capital, real estate private equity, public equities and global macro hedge fund strategies.

Its private credit strategies are supported by an extensive origination network, with access to over 500 issuer relationships and 1,000-plus promoter families.

Photo: Club Emerald is a premium multi-sport, hospitality and recreational destination in Mumbai. ( Club  Emerald )

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