Vivriti Asset Management seeks $250 million to launch India ABS Private Debt Fund

A new fund for investing in small and medium-sized businesses has been developed by Vivriti Asset Management Private.

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It is the first private credit investment in asset-backed securities in the nation, according to Vivriti Asset Management Pvt.

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Vivriti India Retail Assets Fund’ and has already secured $106 million from International Finance Corp. and M&G Investments.

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Bloomberg reported earlier this month, citing people familiar with the situation, that Carlyle Group Inc. was only beginning to consider entering the national market.

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According to Sukumar, the $250 million fund will have its headquarters in India’s GIFT city and will, at any given moment, have 40 to 50 ABS investments

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A new fund for investing in small and medium-sized businesses has been developed by Vivriti Asset Management Private.

It is the first private credit investment in asset-backed securities in the nation, according to Vivriti Asset Management Pvt.

Vivriti India Retail Assets Fund’ and has already secured $106 million from International Finance Corp. and M&G Investments.

Bloomberg reported earlier this month, citing people familiar with the situation, that Carlyle Group Inc. was only beginning to consider entering the national market.

According to Sukumar, the $250 million fund will have its headquarters in India’s GIFT city and will, at any given moment, have 40 to 50 ABS investments

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