Debt financing
Vivriti Asset Management raises $20-M more from Development Bank of Austria
Chennai-based credit investment strategies platform Vivriti Asset Management has secured an additional USD 20 million in senior debt commitments for its Vivriti India Retail Assets Fund (VIRAF) from the Development Bank of Austria (OeEB).The latest investment from OeEB raises total commitments in VIRAF to USD 165 million, moving it closer to its USD 250 million target.Launched in March 2023, VIRAF is a asset-backed securitization (ABS) fund that aims to boost funding for small loans to micro, small and medium (MSME) businesses. The platform focuses on investing in asset-backed securities backed by granular retail and MSME loans, supporting non-banking financial companies (NBFCs) and financial institutions and serving underserved borrower segments.
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