Vivriti Asset Management (VAM), a performing credit-focused asset manager, on Monday announced closure of its diversified bond fund (DBF) 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.
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Under diversified bond funds (DBF), VAM has invested over Rs 1,400 crore since January 2022 in 40 investees that operate predominantly in core sectors – airports, clean energy, road construction, fertilizer , thermal energy, and others as well as services such as software services and managed offices, the fund manager said in a release.
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DBF counts 570 contributors to the strategy, including significant participation from institutional investors.
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Soumendra Ghosh, chief investment officer, Vivriti Asset Management said, “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.”