Investment firm Aditya Birla Sun Life AMC successfully concludes the initial launch of their debut credit fund.
In a significant move, Aditya Birla Sun Life Asset Management Company (ABSL AMC) has successfully closed the first round of fundraising for its maiden performing private credit fund, the ABSL Structured Opportunities Fund II. The joint venture between the Aditya Birla Group and Canadian financial services firm Sun Life Group aims to raise ₹2,500 crore.
The fund, named ABSL Structured Opportunities Fund II, will invest in structured credit for mid-to-large corporates across asset-heavy sectors such as manufacturing, infrastructure, and industrials. The fund seeks to build a diversified portfolio of 10–12 investments, with a target internal rate of return (IRR) in the mid-teens range. The focus is on bespoke capital solutions across growth, strategic, and opportunistic credit requirements, emphasising strong collateral and cash flow profiles in its investments.
The announcement was made on Monday, marking a significant milestone for ABSL AMC. The joint venture, ABSL AMC, is also a partner in the asset management company, ABSL AMC, which is a joint venture between the Aditya Birla Group and the Sun Life Group.
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In the real estate sector, TVS Holdings' realty arm is set to receive foreign investment for housing projects. The details of the investment are yet to be disclosed.
As the financial landscape continues to evolve, ABSL AMC's successful first close of the ABSL Structured Opportunities Fund II is a testament to the confidence investors have in the joint venture's ability to deliver strong returns in the private credit market.
The ABSL Structured Opportunities Fund II, a private credit fund by ABSL AMC, will invest in businesses of mid-to-large corporates across various sectors such as manufacturing, infrastructure, and industrials, with a focus on delivering strong returns in the finance sector. The successful first round of fundraising for this joint venture between the Aditya Birla Group and Sun Life Group aims to raise ₹2,500 crore.
