Vivriti Asset Management Secures $200M for Bond Fund Strategy
- ByStartupStory | October 16, 2023
Credit-focused firm Vivriti Asset Management has wrapped up its diversified bond fund strategy with $200 million in commitments. Launched in early 2022, the strategy encompasses three category-II credit AIFs: Vivriti Wealth Optimizer Fund, Vivriti Emerging Corporate Bond Fund, and Vivriti Alpha Debt Fund – Enhanced.
Since January of the previous year, Vivriti has invested INR 1,400 crore in diversified bond funds, supporting 40 investees primarily operating in core sectors such as airports, clean energy, road construction, fertilizer manufacturing, thermal energy, financial services, logistics, software services, and managed offices.
The company attributes its success to seizing opportunities among over 5,000 mid-sized enterprises seeking growth capital, evolving data sets for underwriting and portfolio tracking, an advancing bankruptcy resolution ecosystem, and limited loan and bond market capital pools serving these needs.
Chief Investment Officer Soumendra Ghosh remarked, “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,”
Chief Sales Officer Prasanna M stated “All three 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,”
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Vivriti has secured over $450 million in commitments across all strategies, all of which are currently closed to fresh investments.
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