Aditya Birla Sun Life AMC has successfully raised Rs 700 crore through the initial closure of its Structured Opportunities Fund – Series II, according to a statement released on Monday. Categorized as a Category II Alternative Investment Fund (AIF), the fund has also included co-investments as part of this capital influx.
The fund management aims to gather Rs 1,250 crore initially, but sees potential for increasing this to Rs 2,500 crore with a greenshoe option. This ambitious goal highlights their focus on providing capital solutions across various growth, strategic, and opportunistic needs through performing credit opportunities.
Targeting mid-to-large corporates within asset-rich sectors such as manufacturing, infrastructure, and industrials, the fund plans to amass a diversified portfolio of 10-12 investments. The firm is already moving forward, having deployed part of the committed funds in sectors like chemicals, auto, and financials, and is targeting a mid-teens internal rate of return (IRR).
