Vivriti Asset Management, a prominent credit-focused asset manager, recently concluded its diversified bond fund strategy with an impressive commitment of over $200 million. The strategy, initiated in early 2022, encompasses three category-II credit AIFs (Alternative Investment Funds) namely, Vivriti Wealth Optimizer Fund, Vivriti Emerging Corporate Bond Fund, and Vivriti Alpha Debt Fund – Enhanced.
In the last year alone, the company has directed investments amounting to Rs 1,400 crore into diverse bond funds, spread across 40 investees primarily operating in key sectors such as airports, clean energy, road construction, fertilizer manufacturing, thermal energy, financial services, logistics, as well as software services and managed offices.
According to the company, these businesses have reaped the benefits of public capital expenditure, increased domestic consumption, digitization, and the favorable winds of the ongoing energy transition.
Vivriti Asset Management Well Poised to tap emerging opportunities
Speaking about their successful venture, Soumendra Ghosh, Chief Investment Officer at Vivriti Asset Management, highlighted the substantial opportunities emerging from a vast pool of over 5000 mid-sized enterprises actively seeking growth capital.
Ghosh also emphasized the role of evolving public data sets in facilitating underwriting and portfolio tracking, as well as the strengthening bankruptcy resolution ecosystem and the relatively modest loan and bond market capital pools catering to these needs. Ghosh emphasized the crucial risk management and adherence to the strategy’s core principles that have contributed to their accomplishments.
Echoing Ghosh’s sentiments, Prasanna M, Chief Sales Officer at Vivriti Asset Management, emphasized the overwhelming response from the market to the straightforward and easy-to-comprehend funds that ensure predictable cash flows.
Prasanna added extended gratitude towards the company’s partners and investors, spanning institutions, HNIs (High Net-Worth Individuals), and family offices, for their support. Additionally, M announced the company’s plans to continue integrating investor feedback into their operations, intending to introduce subsequent funds aimed at delivering superior risk-adjusted returns.
With a cumulative commitment of over $450 million raised across all its strategies, Vivriti Asset Management confirmed that all their strategies are currently closed for fresh commitments. The accomplishment of surpassing the planned fund sizes and the robust market acceptance reaffirm the company’s position as a leader in the asset management landscape, committed to delivering consistent value and returns to its investors.
