Vivriti Asset Management invested $430+ million since inception in 150+ investments.
Mumbai, 16 October 2023: Vivriti Asset Management (VAM), a Performing Credit-focused asset manager, today announced the successful fundraising closure of its diversified bond fund (DBF) strategy with over $200 million of commitments. Launched in early 2022, the strategy comprises of three category-II credit AIFs: Vivriti Wealth Optimizer Fund, Vivriti Emerging Corporate Bond Fund, and Vivriti Alpha Debt Fund – Enhanced.
Under diversified bond funds (DBF), VAM has invested over INR 1,400 crore since Jan’22 in 40 investees that operate predominantly in core sectors – airports, clean energy, road construction, fertilizer manufacturing, thermal energy, financial services, logistics, as well as services such as software services and managed offices. These investments have supported the growth of these businesses, with end use tied to capital expenditure, working capital improvement, product development, and last-mile contribution to infrastructure projects. These businesses have benefited from public capital expenditure, domestic consumption, digitization, and tailwinds of the ongoing energy transition.
DBF counts 570 contributors to the strategy, including significant participation from institutional investors. Each of DBF’s investments are securities rated by credit rating agencies. Additionally, the units of the 3 funds under the strategy are rated by Crisil and ICRA for capital protection.
Soumendra Ghosh, Chief Investment Officer, Vivriti Asset Management said, “Our origination strategy using the group’s extensive outreach, the mindset of using capital to solve for growth issues in businesses, and the ‘phygital’ approach to portfolio tracking, differentiate us. We have been playing at the immense opportunity presented by a deep pool of over 5000 mid-sized enterprises that seek growth capital, evolving public data sets that aid underwriting and portfolio tracking, evolving bankruptcy resolution ecosystem, and relatively shallow loan and bond market capital pools servicing these needs. And while at it, controlling risk and sticking to the strategy’s thesis has served us well.”
“All 3 funds exceeding the planned fund size and exercising the green-shoe option is a testament to market acceptance for simple, easy-to-understand funds with predictable cashflows. We are thankful to our partners & investors across institutions, HNIs, and family offices. We continue to build on investor feedback and will be launching successor funds with superior risk-adjusted return” said Prasanna M., Chief Sales Officer, Vivriti Asset Management.
To date, VAM, across all its strategies, has raised commitments of over $450 million, all of which are closed for fresh commitment.
About Vivriti Asset Management:
Vivriti Asset Management (VAM) is a SEBI and IFSCA registered asset manager, investing in debt issued by mid-sized enterprises. It is part of Vivriti Group, which manages assets of over $1 billion across its lending and asset management businesses.
For more information, visit www.vivritiamc.com.
Media Contacts:
Resham Chhabra | Head- Marketing & Communications | [email protected]