Venture Intelligence (TSJ Media Pvt. Ltd.)
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Vivriti's Samarth Bond Fund raises $3-M from MSDF
US-based impact investor and philanthropic organisation, Michael and Susan Dell Foundation, has invested USD 3 million Vivriti Asset Management's Samarth Bond Fund to support MSMEs (micro, small and medium enterprises) and low-income households in India. Launched in February 2020, VAM's Samarth Bond Fund claims to be India's first Alternative Investment Fund (AIF) to be rated CRISIL AA+ (SO), for capital protection to investors. The category II AIF has a corpus of INR 265 crore raised from investors including banks, corporate treasuries, institutions and global impact foundations. The fund has deployed over USD 30 million towards financing the livelihood of over 25,000 women micro-entrepreneurs, business needs of over 2,000 MSMEs, and commuter vehicles for over 18,000 households in rural areas.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.