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Vivriti Asset Management Targets Rs 2500 Crore Private Credit Fund First Close
M
Moneycontrol•09-10-2026, 21:54
Vivriti Asset Management Targets Rs 2500 Crore Private Credit Fund First Close
- •Vivriti Asset Management expects to achieve the first close of its Vintage IV private credit fund later this quarter.
- •The fund aims for a target commitment size of Rs 2500 crore along with a greenshoe option.
- •Soumendra Ghosh, chief investment officer, stated the fund will execute at least 20 to 25 investments over its lifespan.
- •The fund operates under the Diversified Bond Fund III strategy to invest in mid-market companies.
- •This follows the completion of the lifecycle of the Vintage II funds, which raised Rs 1700 crore.
Key Questions Answered
The Vintage IV fund has a target commitment size of Rs 2,500 crore plus a greenshoe option, and it will be raised under the Diversified Bond Fund III strategy to invest in mid-market companies across structures and end-uses.
Vivriti Asset Management expects to execute at least 20 to 25 investments over the entire life of the Vintage IV private credit fund.
The Vintage II funds raised over Rs 1,700 crore and returned more than Rs 2,260 crore in capital and income to investors. The moderate-risk scheme generated a gross IRR of about 15% with net returns around 13%, while the conservative scheme delivered a gross IRR of about 12% with net returns around 10.5%.
