Global private equity firm TA Associates has invested in Oxane Partners, a technology-driven solutions provider to the private credit industry, for an undisclosed sum. According to reports from Mint, the investment will support Oxane's continued technology innovation, expansion of AI capabilities, and further investment in talent and leadership. The transaction is likely to close in the third quarter of this year.
Founded in 2014 by former Deutsche Bank credit traders Vishal Soni and Sumit Gupta, Oxane has established itself as one of the leading solutions providers to banks and private debt funds. As reported by Mint, the company's flagship product, Oxane Panorama, serves as the digital backbone for banks and funds, supporting critical workflows across portfolio and risk management, credit facility management, analytics, valuations, and facility administration. The company has more than 900 employees across New York, Gurgaon and Hyderabad and has never raised institutional capital, scaling organically to serve more than 100 clients, including global banks.
According to ministry of corporate affairs filings sourced from Tofler, Oxane reported standalone revenue of ₹164.3 crore in FY25, up from ₹104.6 crore a year earlier. Profit rose to ₹13.7 crore from ₹9.3 crore during the same period. The company's products are used predominantly in North America and Europe, where demand for private credit technology has been rising.
As reported by Mint, TA Associates has roped in Avendus and Jefferies as advisors to help with the deal that could value the software firm at about $200-250 million. Naveen Wadhera, managing director at TA, stated that Oxane has established itself as a trusted technology partner to many of the world's leading banks and private debt funds. Aashray Mehra, principal at TA, highlighted the company's differentiated offering that combines proprietary technology with specialized industry expertise.
According to Mint, Oxane is well-positioned to capitalize on the continued institutionalization and growth of private credit globally. Kanav Kalia, managing director at Oxane Partners, emphasized that the next phase of growth will be defined by the company's ability to rapidly translate innovation into tangible outcomes for clients. The company noted that with TA's support, it is well positioned to accelerate growth, invest further in its platform and people, and continue helping clients navigate the increasing complexity of the private credit market. Sumit Gupta, CEO and co-founder of Oxane Partners, expressed excitement about partnering with TA for the next chapter of growth, citing the firm's long-term approach and deep experience scaling high-growth businesses.
