JM Financial AMC launches Rs.2,000-Cr second performing credit AIF

Mumbai-based JM Financial Asset Management has launched its Category II second-performing credit alternative investment fund (AIF) called ‘JM Financial Select Credit Fund II’. The fund carries a base corpus of INR 1,000 crore, with a greenshoe option to raise an additional INR 1,000 crore. The fund will be managed by Amit Dharod, the Managing Director of Alternative Assets at JM Financial Asset Management.The fund focuses on providing structured financing solutions to financially stable companies that consistently service their debt obligations. The strategy prioritises businesses with stable cash flows, solid fundamentals, and credible promoter track records.