Sundaram Alternate Assets, the alternative investment arm of Chennai-based Sundaram Finance, recently launched its Performing Credit Opportunities Fund – Series I (PCOF) with a target size of Rs 1,500 crore (approximately $178 million) and a greenshoe option of Rs 500 crore. The fund aims to enhance the firm’s assets under management (AUM), which currently stands at an undisclosed amount. Karthik Athreya, director and head of strategy for alternative credit at Sundaram Alternates, is leading this initiative, marking a significant step in the firm’s investment strategy.