Comments
Vivriti Asset Management exits maiden credit fund , a debt asset manager in the performing credit space, has announced the successful maturity and exit of its maiden private credit AIF, Vivriti Samarth Bond Fund (SBF), with a portfolio yield of 15.5 per cent..
Launched at end of 2019, SBF was a close-ended fund category-II AIF, that garnered ₹265 crores in capital from diverse investors, including institutional investors, ultra high networth individuals and family offices. Through the fund’s life, it made 20 investments, amounting to ₹449 crores, with a portfolio yield of over 15.5 per cent.
Funds were deployed mostly through 2020-21 “battling uncertainties of modelling risks, and exited through 2023-24 amidst higher interest rates and tighter liquidity,” said Soumendra Ghosh, Chief Investment Officer. He added that staying true to its investment thesis, staying focused on risk control and taking a counter-cyclical approach to asset selection, held SBF in good stead.
Vivriti Asset Management is an asset manager of fixed-income alternative investment fund schemes. It has raised commitments of over $500 million across its credit funds from over 900 clients and returned over $110 million of capital to investors.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.