New Delhi, March 22 -- Private credit funding, in which lenders and borrowers directly negotiate financing without engaging an intermediary, is increasing in size and complexity, as companies look to diversify their source of funding, Pramod Kumar, chief executive officer and head of investment banking - India at Barclays Plc.

Barclays, which has been quite active in the private credit space over the past few years, is looking at big-ticket transactions. The UK-based bank recently closed a funding deal for Hinduja Group's acquisition of the bankrupt Reliance Capital.

"In the private credit space, we do see that the share of larger deals, that is, $100 million-plus is now close to 50%. It is evident that there is an increasing trend of l...