Special situations fund research profile
Farallon Capital is a global, research-driven alternative manager with a credit strategy spanning public and private instruments, structured solutions and stressed situations. In India, the clearest public record is its role as a long-time creditor and major participant in Shapoorji Pallonji’s large refinancing, alongside broader special-situations activity.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Farallon Capital (India) uses a special situations approach across Stressed corporates, real estate, structured credit.
Current evidence
Farallon was identified as a participating lender in Shapoorji Pallonji’s record 2025 private-credit refinancing, and FY25 India private-credit research ranks Farallon among the largest international lenders by investment amount. Farallon’s public materials describe a global credit platform; no India-dedicated vehicle size or return series is disclosed.
Strategy
Special situations
Sector focus
Stressed corporates, real estate, structured credit
AIF structure context
Indian private credit, venture-debt and special-situations funds are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.
Current signal
Farallon was identified as a participating lender in Shapoorji Pallonji’s record 2025 private-credit refinancing, and FY25 India private-credit research ranks Farallon among the largest international lenders by investment amount. Farallon’s public materials describe a global credit platform; no India-dedicated vehicle size or return series is disclosed.
Investor questions
Farallon Capital (India) is covered in Rupeia's private credit research universe. The current public record describes the strategy as Special situations, with a sector focus of Stressed corporates, real estate, structured credit. The profile should be read with the linked source trail and Typical route: Category II AIF context.
The profile displays only company or asset names attributable to Farallon Capital (India) in the reviewed public sources: Shapoorji Pallonji / Goswami Infratech; Sterling Investment Corporation; SP Group promoter financing. It does not represent a complete current portfolio unless the manager has published one.
Economic Times reporting attributes a $596 million investment to Farallon in the 2025 Shapoorji Pallonji financing, while earlier reporting described Farallon as an existing creditor. This is a disclosed deal outcome and exposure signal, not evidence of a fund-level India IRR. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: Farallon’s global platform is commonly reported at tens of billions of dollars; the manager does not disclose a separately sized India private-credit fund in the reviewed public materials.. Public terms or access information: Farallon states that credit investments can be public or private and are selected through bottom-up research with capital-preservation emphasis; India vehicle fees, carry, leverage, tenor and target return are not publicly stated.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Vikram Bagaria (Partner, Singapore); Paul Caldwell (Partner, Hong Kong); India-specific lead not separately disclosed. Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review borrower concentration, security and seniority, cash versus accrued income, defaults, recoveries, fund leverage and liquidity. The current open diligence point is: India-specific team leadership, vehicle structure, fees/carry and realized-return data are not separately disclosed; only named public transactions are retained..
2025-05-31: Farallon was identified as a participating lender in Shapoorji Pallonji’s record 2025 private-credit refinancing, and FY25 India private-credit research ranks Farallon among the largest international lenders by investment amount. Farallon’s public materials describe a global credit platform; no India-dedicated vehicle size or return series is disclosed.
Next step
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