 "Avendus Capital (www,avendus.com)")
Avendus Finance, the credit solutions arm of Avendus Capital on Friday announced the launch of its category II structured credit fund. The alternative investment fund will target a corpus of Rs 250 crore and will retain any oversubscription of up to Rs 250 crore.
Investors will need to commit a minimum of Rs 1 crore into the fund, which will target the mid-market firms. The fund will invest in structured credit products of holding and operating companies yielding mid- teens returns, which may include equity upside.
The fund will invest in industrials, healthcare and consumer, but stay away from infrastructure. "The fund
