New Delhi, April 14 -- Private credit has become the "go to" source of capital for bespoke financial solutions. It occupies a unique space in the Indian credit ecosystem and has seen significant growth in terms of both deal flow and supply of capital. End use cases where bank finance is generally not available has seen the most traction. Acquisition finance has been one such use case. Another is sponsor backed financings involving credit to sponsors either looking to increase their equity share in existing businesses or to take out private equity investors backed primarily by sponsor guarantees and pledge over equity. The market has also seen deal flow to stressed borrowers with private credit investors replacing the entire debt stack of ...