Aditya Birla Sun Life AMC announces first close of ABSL Structured Opportunities Fund Series 2
Aditya Birla Sun Life AMC achieved the first close of its Structured Opportunities Fund – Series II, raising ₹700 crore. The fund targets ₹2,500 crore to invest in structured credit for mid-to-large corporates across asset-heavy sectors, aiming mid-teens IRR.
ETMarkets.com Aditya Birla Sun Life AMC's AIF raises ₹700 crore in first close; targets ₹2,500 crore to support structured credit deals in growth-focused sectors. Aditya Birla Sun Life AMC has announced the first close of its Structured Opportunities Fund – Series II, a Category II Alternative Investment Fund (AIF), raising Rs 700 crore, including co-investments. The fund aims to raise Rs 1,250 crore with a greenshoe option of an additional Rs 1,250 crore, aiming for a total possible mobilization of Rs 2,500 crore.The fund, managed by Amit Kansal, Head Alternate Investments – Fixed Income, focuses on performing credit opportunities, offering bespoke capital solutions across growth, strategic, and opportunistic requirements.
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With an emphasis on structured credit transactions for mid-to-large corporates in asset-heavy sectors like manufacturing, infrastructure and industrials, the fund seeks to build a diversified portfolio of 10–12 investments targeting mid-teens internal rate of return (IRR) range, a press release said.Leveraging the extensive experience in the credit space and a robust governance framework, the fund has already deployed part of the committed capital across select opportunities in sectors such as chemicals, auto and financials. These deals are backed by well-established sponsor groups and feature strong collateral and cash flow profiles, aligning with the fund's 4C investment philosophy – Character, Capacity, Collateral and Cashflows, the release said.
'The successful first close of our Structured Opportunities Fund – Series II is a strong endorsement of the trust placed in us by investors seeking attractive risk adjusted returns in the private credit space. This maiden strategy is a natural extension of our deep investment expertise across sectors and our long-standing ecosystem relationships,' said A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC. Also Read | Mazagon Dock and Radico Khaitan among 19 stocks which are upgraded in H2 CY25'With flexible drawdown structures to navigate market volatility, we have garnered strong traction across a broad investor base including institutional investors, HNIs, UHNIs and family offices and remain confident in our ability to unlock meaningful value while supporting the next wave of corporate growth,' he added.
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