Vivriti Asset Management launches two debt AIFs

Vivriti Asset Management has raised commitments of over Rs 1,500 crore across its funds and provides tailored debt of Rs 25-75 crore to emerging and mid-sized operating companies, for 2-5 year tenor.

Vivriti Asset Management (VAM), announced the launch of two alternative investment funds (AIFs) –Alpha Debt Fund and Alpha Debt - Enhanced Fund on Tuesday. Both are Sebi-registered category II close ended debt funds with a 3.5 year tenor.

The Alpha Debt Fund, with a target AUM of Rs 400 crore, will invest in debt issued by operating companies with a track record of scale, profitability and access to capital, and will target an annualized yield of 7.5 per cent post tax, fees and expenses, to investors. The fund is sector agnostic, and aims median portfolio rating of A category.

The Alpha Debt