Sarmaya Partners

Ashvin Murthy serves as Chief Investment Officer and leads all investment decisions. Murthy previously worked at Fortress Investment Group, bringing institutional credit structuring experience to the firm. President Nitin Gupta oversees operations and firm strategy alongside Murthy.

Sarmaya targets three primary asset classes: private credit, real estate, and infrastructure. Within private credit, the firm focuses on senior-secured lending to middle-market companies. Real estate activity centers on asset-backed lending and structured equity in workforce housing and logistics. Infrastructure exposure is concentrated in digital infrastructure and energy transition assets with contracted cash flows.

Sarmaya sources opportunities thematically, targeting market segments where traditional bank lenders have pulled back. The firm's thesis relies on identifying supply-demand dislocations that create pricing power for non-bank capital providers. Specific sourcing channels have not been publicly detailed, though the firm's leadership combines Fortress-level institutional relationships with a targeted middle-market origination focus.

The source of Sarmaya's initial seed capital has not been publicly disclosed. The firm was launched in 2023 by Ashvin Murthy and Nitin Gupta, and the firm has not published details on anchor investors or initial commitments.