Vivriti_ABS

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  The proposed project entails an IFC investment of a senior debt in Vivriti India Retail Assets Fund (“The Fund”). The Fund will have a target corpus of US$150 million and will be managed by Vivriti Asset Management Private Limited (VAM) – an asset management company and a subsidiary of Vivriti Capital Private Limited (VCPL) and will be established as an Alternate Investment Fund (AIF) in the GIFT City, India’s International Finance Services Center (IFSC). The Fund will predominantly invest in senior tranches of securitized debt securities backed by granular assets (asset backed securitization or ABS) – majority of which are micro and small enterprises (MSEs) and income generating assets. The targeted asset-originators will be small to mid-tiered non-banking finance companies (NBFCs) in India with a domestic credit rating of BBB- to A+ that extend financing primarily for micro, small and medium enterprises (MSMEs) (including women etc.) – the Project.