Vivriti Asset Management, a credit-focused firm, has completed its diversified bond fund strategy with $200 million in commitments. The strategy, which will be launched in early 2022, consists of three category-II credit AIFs Vivriti Wealth Optimizer Fund, Vivriti Emerging Corporate Bond Fund, and Vivriti Alpha Debt Fund Enhanced.

Vivriti has invested INR 1,400 crore in diversified bond funds since January of the previous year, primarily supporting 40 investees in core sectors such as airports, clean energy, road construction, fertilizer manufacturing, thermal energy, financial services, logistics, software services, and managed offices.

The company owes its success to capitalizing on opportunities among approximately 5,000 mid-size enterprises seeking expansion capital, evolving data sets for underwriting and portfolio tracking, an evolving bankruptcy resolution ecosystem, and limited loan and bond market capital pools serving these needs.

Soumendra Ghosh, Chief Investment Officer, stated, "We have been playing at the immense opportunity presented by a deep pool of over 5000 mid-sized enterprises seeking growth capital, evolving public data sets that aid underwriting and portfolio tracking, evolving bankruptcy resolution ecosystem, and relatively shallow loan and bond market capital pools servicing these needs". And, while we are at it, risk management and sticking to the strategy's thesis has served us well.

"All three funds exceeding the planned fund size and exercising the green-shoe option is a testament to market acceptance for simple, easy-to-understand funds with predictable cashflows", said Chief Sales Officer Prasanna M. We appreciate our institutional, HNI, and family office partners and investors. "We will introduce successor funds with superior risk-adjusted returns as we continue to build on investor input". Vivriti has garnered approximately $450 million in commitments across all strategies, all of which are presently closed to fresh investors.