Aikyam Capital raises Rs 205 Cr in first close of private credit fund
This marks the firm’s second fund within a year after the launch of its previous fund that targeted stressed assets.
Financial services platform Aikyam Capital Group on Wednesday raised Rs 205 crore to mark the first close of its private credit fund.
The fund, which is structured under Aikyam Capital Trust, has a target corpus of Rs 300 crore with a green shoe option of Rs 100 crore, taking the total fund size to Rs 400 crore.
The fund will be positioned as a private credit strategy and will provide structured capital to businesses and deliver risk adjusted returns for investors, the company said.
This also marks the firm’s second fund launched within a year, following the launch of its Category I Special Situation Fund (SSF). This meant that the fund invested in stressed assets such as distressed loans, securities of companies under restructuring, or, in insolvency, to help turnaround these firms.
“We are pleased to announce the first close of our private credit fund, AIKYAM CAPITAL INVESTMENT FUND I, at ₹205 crore. With a target corpus of ₹300 crore and a green shoe option of ₹100 crore, the fund has the potential to scale up to ₹400 crore," said Venkatasubramaniam Maruthai, Fund Manager and CEO-Stressed Assets, Aikyam Capital Group.
"Achieving the first close of our second fund within a year of launching our maiden Category I Special Situation Fund reflects the strong confidence investors have placed in Aikyam Capital’s investment philosophy and platform. We remain focused on building disciplined investment strategies that create long-term value for our investors,” he added.
The announcement comes at a time when India is seeing growing demand for private credit and structure capital solutions. Amidst this, Aikyam noted that it aims to expand its investment platform across private credit and special situation strategies.