Founded in 2019, Vivriti Asset Management (VAM) is one of the leading home-grown fund managers addressing the inclusive financing gap in India.
We are entirely focused on Indian mid-market enterprises a space occupied by 22,000 enterprises in India that only access 7% of debt capital markets. We call this space Mid-Market Performing Credit. We seek to address the huge demand-supply imbalance in access to debt. The Mid-Market Performing Credit space today has an outstanding debt of c.US$100 billion – implying per entity debt of less than US$ 7 million, and a weighted average debt / equity ratio of c.0.4x. These numbers indicate chronic under-penetration.
The Mid-Market Performing Credit space therefore requires dedicated focus on discovery, assessment, product structuring and risk management. Vivriti Asset Management has built strong capabilities in technology, data science, on-field diligence, dynamic monitoring and structured finance, to address the challenges of this market.
Our technology system is capable of designing structured finance products that embed capital protection, predictability and stability. Our data platform enables our clients to measure and monitor ESG Risk and impact linked to UN SDGs.
Vivriti Asset Management has created India’s first fully automated alternative asset management operation that enables investors to self-service, empowering them through the complete lifecycle of evaluation, benchmarking, accreditation, investment, ongoing, services, and reinvestments. Our platform powers product creation, transaction execution, risk assessment and portfolio management for our team. At the other end, it also helps issuers to manage all aspects of their engagement with VAM in one go.
With a strong impact orientation, Vivriti Asset Management helps grassroots entrepreneurs and SMEs access the credit market by connecting with institutional, private wealth and offshore investors, who aim to generate social & environmental impact alongside a financial return. The connection is made via alternate investment funds (AIFs) with an underlying philosophy that is strongly aligned with United Nations’ SDGs.
Vivriti Asset Management has garnered interest from various global investors and domestic LPs, raising over US$ 250 million in commitments across 7 AIFs. Currently, it manages c.US$ 200 million in AUM.
VAM at a glance
INR 1,500 crores
Assets under Management
Rating upgrade to downgrade ratio since commencement