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Axis AMC to launch new private credit fund for Rs.2,000-Cr
Mumbai-based Axis AMC, the asset management company promoted by Axis Bank, is set to launch its third private credit alternative investment fund (AIF), aiming to raise up to INR 2,000 crore. The fund targets an initial corpus of INR 1,000 crore, with a green-shoe option for an additional INR 1,000 crore. The first close is anticipated by the end of February.The new fund plans to increase average ticket sizes to about INR 125 crore, focusing on larger mid-market deals in conventional manufacturing, industrial businesses, and passive infrastructure themes like renewables, warehousing, and data centres. The fund will not invest in NBFCs or new-age businesses.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.