Fund News
Godrej Industries to raise Rs.2,000-Cr private credit fund
Mumbai-based Godrej Industries Group , which operates in the lending and wealth management sectors through its subsidiary Godrej Capital , has announced its entry into the private credit sector and plans to raise INR 2,000 crore- including INR 1,000 crore of greenshoe option - through a new alternative investment fund (AIF). The fund will be managed by Godrej Asset Management Company and will operate as a Category-II AIF. Capital will be sourced from institutional investors, family offices, high-net-worth individuals, and ultra-high-net-worth individuals.The AIF is designed as a sector-agnostic platform intended to provide performing credit to established mid-market companies. Financing through this platform will be supported by hard collateral and covenant protection.
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