ABSL's $300-million fund looks to attract offshore capital
Aditya Birla Sun Life AMC will roll out a new $300 million India Yield Advantage fund in the private credit space to attract offshore capital from global investors in Singapore and Dubai.
The fund will generate a return of around 20% by mirroring the company's domestic private credit fund strategy. In India, Aditya Birla Sun Life AMC has launched the fundraising exercise for its maiden ₹2,500 crore performing credit fund. «The offshore fund will offer global investors the opportunity to invest in India's growing private credit space, expanding beyond traditional equity investments that have been the primary focus so far,» said A Balasubramanian, managing director of Aditya Birla Sun Life AMC.
The company will start roadshows soon and launch the fundraising next month.
ABSL AMC has committed 10% of sponsor capital to its recently launched ₹2,500 crore performing credit fund, with plans to announce a first closure by early 2024. The fund aims to reach its final close within 12 months of the first, targeting ultra-high-net-worth individuals (UHNWIs), family offices, insurance companies, and institutional investors to raise the remaining capital. In addition to sponsor capital, Aditya Birla AMC has provided ₹500 crore in seed capital to kickstart the fund's investments, which will be replaced as external
