“We’re launching fresh products and we should come to the market soon with more information,” Vineet Sukumar said.
Written by Raghavendra Kamath
Vivriti Asset Management closed three credit funds with commitments of a total $ 200 million recently. It has also launched $250 million asset back securitisation fund early this year. Vineet Sukumar, founder and managing director tells Raghavendra Kamath, about the company’s strategy, going forward. Excerpts:
In May, you launched an asset back securitisation fund of $ 250 million. How much have you raised and when do you plan to close this fund?
Nearly half of it is now raised. The fundraising period is going to continue for a while because at the end of the day like everybody, we also like to see how the international markets are moving. So we have agreed with our LPs (limited partners) that we have a cumulative period of 18 months to raise the full corpus. But in the meantime, we have begun deploying and using the money and making investments in the domestic market.
