Sundaram Alternates Appoints Karthik Athreya as Managing Director to Lead Next Phase of Growth

Karthik Athreya, Managing Director, Sundaram Alternates

New Delhi, November 5, 2025: Sundaram Alternates Assets Ltd. (SA), the alternate investment arm of Sundaram Finance Group, has announced the appointment of Karthik Athreya as Managing Director. The appointment marks a significant milestone in Sundaram Alternates’ next phase of growth and strategic expansion. With Assets Under Management (AUM) exceeding INR 7,000 crore, the firm is poised to scale its platform and strengthen its leadership in India’s rapidly growing alternatives market.

Athreya, a veteran with over 26 years of experience, has been an integral part of Sundaram Alternates, leading the Private Credit Investment team with distinction for almost a decade and contributing significantly to the firm’s growth and strategic development. He has also served as a valued member of the company’s Board, offering strategic insights that have shaped its direction and success.

Prior to joining Sundaram Alternates, Athreya headed the India business for Clearwater Capital Partners, a pan-Asian special situations fund, where he oversaw more than $1 billion in investments across secured lending, restructurings, bond trading, and mid-market private equity. Under his leadership, private credit vertical has emerged as a cornerstone of Sundaram Alternates’ growth story. The platform has launched seven private credit funds with total commitments of approximately INR 4,400 crore and deployed over INR 5,600 crore in high-yield credit opportunities. Notably, all key portfolio management strategies have consistently outperformed their benchmarks.

Commenting on the appointment, Harsha Viji, Executive Vice Chairman, Sundaram Finance, said, “Karthik has been instrumental in driving growth and innovation within our investment platform, and I am confident that in his new role as a Managing Director, he will continue to lead us to excellence with his strong understanding of our group’s culture and dedication to our mission. Sundaram Alternates is a key facet of the Sundaram Finance group’s strategy, and we have grown assets under management to over INR 7,000 crore and will continue to grow under Karthik’s capable leadership.”

Said Karthik Athreya: “Sundaram Alternates stands at a powerful inflection point—a place where a rich heritage of trust perfectly aligns with India’s rapidly accelerating appetite for sophisticated alternative investment solutions. We have a strong platform from which we can launch a wide range of interesting products to cater to the needs of discerning investors. We have now successfully launched seven private credit funds with total commitments of INR 4,400 crore to date and invested over INR 5,600 crore in high-yield credit. All our key portfolio management strategies are consistently beating benchmarks.”