A subsidiary of Vivriti Capital Private Limited, VAM is an asset manager regulated by SEBI and builds on the Vivriti group’s deep sectoral expertise to provide stable and predictable risk-adjusted return on its fixed-income focused funds.
Vivriti Asset Management (VAM) has successfully closed its financial year (ending March 31, 2021) with commitments exceeding ₹1,300 crore. Vivriti’s focus on enterprises in the performing credit space is receiving traction from global and domestic institutions alike. A subsidiary of Vivriti Capital Private Limited, VAM is an asset manager regulated by SEBI and builds on the Vivriti group’s deep sectoral expertise to provide stable and predictable risk-adjusted return on its fixed-income focused funds.
“There is a compelling yield segment between debt mutual funds and venture capital / private equity. We aim to build our leadership in this space." said Vineet Sukumar, Founder, Vivriti Asset Management. “Performing credits offer a compelling value proposition for domestic and international investors alike. The yield enhancement coupled with tight risk underwriting and innovative products has attracted financial institutions, family offices, funds and foundations to the VAM platform."
Backed by two large global institutions, Creation Investments and Lightrock, Vivriti leverages technology, to bring in transparency, efficiency and innovation to Indian private debt markets.
“Global investors are seeking to invest with teams that are able to deliver with a focus across three spectrums – risk, return and measurable impact. The founding team’s long DNA of lending coupled with technology, packs VAM with the power to structure innovative product offerings across the credit stack," added Sukumar.
VAM’s flagship corporate bond fund, Samarth, which was launched in February 2020, is India’s first Alternate Investment Fund (AIF) to be rated AA+(SO) by CRISIL for capital protection. With outsized attention from global institutions, impact and conventional alike, over 75% of the capital for its first fund was raised directly from marquee institutional investors, including banks, insurance companies, foundations and corporate treasuries.
Buoyed by its success, Vivriti Asset Management launched two more funds in FY 2021, and expects to launch four funds in FY 2022.
The Asian private debt market has witnessed a steady rise in institutional investor interest. With more long-term foreign capital making an entry into the Indian credit opportunity, Vivriti is being seen as a gateway through which allocators can make first India investment. Vivriti Asset Management aims to cross an Asset under Management (AUM) of ₹3,500 crore over FY 22, said their Chief Investment Officer, Soumendra Ghosh.