Venture firm Spark Capital has achieved the midway point in raising capital for its third private credit fund.
In a significant development, financial-services firm Spark Capital has announced that it has raised approximately Rs 400 crore (around $46 million) for its third private credit fund, the Spark Equitized Credit Solutions Fund (SpECS) III.
The fundraising, which began some time ago, has involved both global and local investors, as well as local and global limited partners. The exact target corpus for SpECS III has yet to be specified, but the fund has reached the halfway mark in its fundraising process.
The Spark Equitized Credit Solutions Fund (SpECS) III is a financial vehicle designed to provide credit solutions to businesses and projects. The fundraising for SpECS III is part of Spark Capital's ongoing efforts to support growth and development in the private credit market.
For those interested in accessing premium content related to the fundraising and Spark Capital's activities, users can become Premium members. Existing members can log in to access the premium content. However, the premium content selection is not specified in the provided information.
According to a July 29, 2025 article on VCCircle, the news article provides access to premium content, but the full target corpus figure for the fund is behind a paywall and not accessible in the snippet.
As Spark Capital continues to raise funds for SpECS III, it is expected that more details about the fund and its activities will become available in the coming months. Stay tuned for updates on this developing story.
[1] VCCircle, "Spark Capital raises Rs 400 crore for third private credit fund," July 29, 2025, https://www.vccircle.com/2025/07/29/spark-capital-raises-rs-400-crore-for-third-private-credit-fund/
This financing round for Spark Capital's third private credit fund, Spark Equitized Credit Solutions Fund (SpECS) III, has attracted both global and local investors, indicating a strong interest in the investing landscape. The business strategy of SpECS III is focused on providing credit solutions to various projects and enterprises, signifying a commitment to the growth and development of the business sector.
