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Avendus scoops up more capital for third private credit fund, eyes final close

New Delhi, June 11 -- Avendus PE Investment Advisors Pvt Ltd, the asset management arm of Avendus Group, has mopped up additional capital for its third private credit fund after crossing the halfway m... Read More


Edelweiss ARC appoints former SBI Caps exec as MD

New Delhi, June 10 -- Edelweiss Asset Reconstruction Company has appointed veteran banker Arun Mehta as its managing director and chief executive officer. Mehta takes over from interim managing direc... Read More


Nisus Finance floats $262 mn realty fund; first close soon

New Delhi, June 9 -- Nisus Finance Services, which operates alternative investment funds backing real-estate credit and special situations opportunities, has launched its fourth India-focussed fund to... Read More


Waaree Group-backed Solfin eyes loan book expansion, may raise fresh capital

New Delhi, June 3 -- Solfin Sustainable Finance, which counts solar module manufacturer Waaree Group among its backers, is focussing on expanding its loan book and may raise fresh capital to support g... Read More


Kotak Alts lends $38 mn to infrastructure platform via yield fund

New Delhi, June 2 -- Kotak Alternate Asset Managers (Kotak Alts) has extended a secured structured credit facility of Rs 360 crore (around $38 million) to Vishwa Samudra Group through its growth and y... Read More


ASK Alternates plans to raise special situations fund

New Delhi, June 1 -- ASK Alternates, part of the Blackstone-backed ASK Asset & Wealth Management Group, intends to start raising a special situations fund after floating its second private credit fund... Read More


Axis Max Life Insurance taps offshore investor for capital

New Delhi, May 29 -- Axis Max Life Insurance Ltd, a joint venture between Max Financial Services Ltd and Axis Bank, is raising fresh capital from an offshore investor to support its business growth. ... Read More


Kotak Alts names new managing partners

New Delhi, May 28 -- Kotak Alternate Asset Managers (Kotak Alts) has named two new managing partners. Kotak Alts, which offers investment products across special situations, private equity, real esta... Read More


JM Financial Asset floats $105 mn private credit fund

New Delhi, May 26 -- JM Financial Asset Management Ltd has launched a private credit fund with a target size of Rs 1,000 crore (around 105 million) and a greenshoe option of an equal amount. The fund... Read More


Veloce Fintech invests in Shakti Distilleries, Gupta Foods

New Delhi, May 26 -- Veloce Fintech, part of the Lemon Consultech group, has invested Rs 20 crore (around $2.1 million) in pharma-grade ethanol manufacturer Shakti Distilleries. The firm said it made... Read More