Vivriti Asset Management is planning to launch a new diversified bond fund of Rs 5,000 crore, including a greenshoe option for an additional Rs 2,000 crore, in the second quarter of the next fiscal, chief investment officer Soumendra Ghosh said on Wednesday.
The mid-market private credit-focused asset management firm is also nearing final closure of its existing Rs 2,200-crore diversified bond fund, having received commitments for over Rs 2,100 crore.
Vivriti, which offers 13-14% return to its investors, is eyeing the eastern India market for fresh commitments as family offices and high net worth individuals (HNIs) in the region look for yield-generating avenues with lower volatility than equities while diversifying their portfolios.
“The eastern market contributes about 6% of the total alternate investment debt fund of Rs 1.5 lakh crore, while for Vivriti it was 3%. Our target is to raise the eastern market share to 6%,” Ghosh said in Kolkata.
The top team of Vivriti was in the city to meet prospective investors. They expect West Bengal and Odisha, comprising nearly 60,000 millionaire households, to contribute significantly to fresh commitments over the next five years.
“Kolkata is expected to account for the bulk of total commitments from the eastern region, being the fifth largest city in the country in terms of millionaire households,” the company stated.
Overall, it plans to scale private credit assets under management by 40% by FY27 from around Rs 4,500 crore as of end-December 2025, through the proposed fund.
Ghosh said Vivriti has so far invested in 116 companies with a total investment at Rs 10,000 crore. It lends to companies across sectors like logistics, infrastructure, steel manufacturing, regional transportation, warehousing, financials and commercial real estate at 13-18% interest.
Its investment pipeline spans diverse end-uses such as refinancing, stake consolidation, acquisitions, and growth capital, across sectors including pharmaceuticals, hospitality, steel, consumer goods, and specialty chemicals.
Ghosh said three entities in Kolkata – each in FMCG, steel manufacturing and quick service restaurant sectors – are also in the radar for fund deployment.
The mid-market private credit-focused asset management firm is also nearing final closure of its existing Rs 2,200-crore diversified bond fund, having received commitments for over Rs 2,100 crore.
Vivriti, which offers 13-14% return to its investors, is eyeing the eastern India market for fresh commitments as family offices and high net worth individuals (HNIs) in the region look for yield-generating avenues with lower volatility than equities while diversifying their portfolios.
“The eastern market contributes about 6% of the total alternate investment debt fund of Rs 1.5 lakh crore, while for Vivriti it was 3%. Our target is to raise the eastern market share to 6%,” Ghosh said in Kolkata.
The top team of Vivriti was in the city to meet prospective investors. They expect West Bengal and Odisha, comprising nearly 60,000 millionaire households, to contribute significantly to fresh commitments over the next five years.
“Kolkata is expected to account for the bulk of total commitments from the eastern region, being the fifth largest city in the country in terms of millionaire households,” the company stated.
Overall, it plans to scale private credit assets under management by 40% by FY27 from around Rs 4,500 crore as of end-December 2025, through the proposed fund.
Ghosh said Vivriti has so far invested in 116 companies with a total investment at Rs 10,000 crore. It lends to companies across sectors like logistics, infrastructure, steel manufacturing, regional transportation, warehousing, financials and commercial real estate at 13-18% interest.
Its investment pipeline spans diverse end-uses such as refinancing, stake consolidation, acquisitions, and growth capital, across sectors including pharmaceuticals, hospitality, steel, consumer goods, and specialty chemicals.
Ghosh said three entities in Kolkata – each in FMCG, steel manufacturing and quick service restaurant sectors – are also in the radar for fund deployment.