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AIF industry eyes Rs 2.9-trillion opportunity in cash-strapped firms

At least two such firms have raised money over the past month, and others are also in talks to do so, said industry sources.

Liquidity in secondary market for G-secs hugely improved in the past decade
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Sachin P Mampatta Mumbai
The liquidity crisis for cash-strapped companies that are rated low has created an opportunity for the Rs 2.9-trillion alternative investment fund (AIF) industry. At least two such firms have raised money over the past month, and others are also in talks to do so, said industry sources. 

“A lot of borrowers who would have had easy access to capital are not able to raise money because of the tight conditions prevailing in the market. The current dislocation in the credit markets is throwing up opportunities in the private credit space, with more than sufficient collateral,” said Umang Papneja, senior managing partner,

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First Published: Oct 30 2019 | 7:55 PM IST

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