Venture Intelligence (TSJ Media Pvt. Ltd.)
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Arka Investment Advisory makes first close of Rs.250-Cr maiden credit fund
Arka Investment Advisory Services Pvt Ltd, a subsidiary of non-banking financial company Arka Financial Holdings, has announced the first close of Arka Credit Fund I, a scheme of its maiden credit fund Arka Credit Fund. Arka Financial Holdings is a wholly-owned subsidiary of Kirloskar Oil Engines. The sector-agnostic Category-II Alternative Investment Fund (AIF) has a target corpus of INR 250 crore with a green shoe option of INR 50 crore, with a tenure of 4.5 years. The sponsor has approved an investment of INR 55 crore in the fund. Arka Credit Fund I aims to provide structured solutions for mid-market corporates and conglomerates to support their business needs. The fund will make 8-10 investments at a ticket size of INR 30-50 crore in performing credit space at an IRR of 14-16%.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.