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Debt

Wealth Management

Select past engagements

Structured Credit Funds
Venture Debt Funds

Investing in Structured credit transactions of mid-market Indian corporates
Founded by Kanchan Jain & Sandeep Adukia; who have been working together in the structured lending space since ~2010-11
Strong sponsor support from being part of the BPEA Asia Group, which is investing since 1998 in India, invested USD 4.6 bn in PE and Credit
Team has a proven track record across previous two funds, being one of the managers to have raised and fully exited a corporate credit fund in India

Investing in structured credit transactions with a focus on mid-market Indian companies and promoters across sectors
Led by Nilesh Dhedhi who comes with 16+ years of experience with 12+ years at Avendus. Seasoned investment team with track record of investing in structured credit
Ability to leverage Avendus group’s relationships, network, experience, and industry knowledge

Venture debt financing for high-growth companies backed by a select group of leading venture capital investors in India
Founded by Ajay Hattangdi & Vinod Murali, who are pioneers of the venture debt asset class in India and have been investing in the space since 2008
One of the largest Venture Debt funds in the country; Backed by marquee institutional investors including IndusInd Bank, Premji Foundation, SIDBI

Venture debt financing to new age tech-enabled disruptive companies
Led by Ashish Sharma, Tarana Lalwani and Sameer Mansukhani; Partners have ~20+ years each of diversified experience across venture debt, venture capital, financial services, investment banking, strategy, etc.
Has held market leadership position in the venture debt asset class since 13+ years
Backed by reputed international investors – Temasek and United Overseas Bank

Transaction: Primary debt transaction (Market Linked Debentures)
Business: Structured finance / domestic trade finance to mid market entrepreneurs / corporates
Support from parent co., Avendus Capital backed by marquee institutions like KKR and Gaja Capital
Growing & scaled up loan book within a few years of operations along with strong transaction sourcing and credit underwriting capabilities

Transaction: Primary debt transaction (Non Convertible Debentures)
Business: Vehicle Financing & Mortgage backed MSME lending majorly across Rajasthan & Gujarat
Experienced company with 26+ years of existence specializing in vehicle financing with scaled up operations
Strong origination network, credit & underwriting process
Backed by strong investors like Norwest, TPG, Baring, Evolvence

Transaction: Primary debt transaction (Non Convertible Debentures)
Business: South-India based Multi-specialty private hospital chain
Promoted by Dr. Bhaskar Rao, a cardio-thoracic surgeon with 30+ years of experience
Strong equity interest in the company from existing shareholder General Atlantic, who purchased stake from ICICI Ventures
Existing relationship with Avendus NBFC with a good track record and no defaults

Structured Credit Funds+

Investing in Structured credit transactions of mid-market Indian corporates
Founded by Kanchan Jain & Sandeep Adukia; who have been working together in the structured lending space since ~2010-11
Strong sponsor support from being part of the BPEA Asia Group, which is investing since 1998 in India, invested USD 4.6 bn in PE and Credit
Team has a proven track record across previous two funds, being one of the managers to have raised and fully exited a corporate credit fund in India

Investing in structured credit transactions with a focus on mid-market Indian companies and promoters across sectors
Led by Nilesh Dhedhi who comes with 16+ years of experience with 12+ years at Avendus. Seasoned investment team with track record of investing in structured credit
Ability to leverage Avendus group’s relationships, network, experience, and industry knowledge

Venture Debt Funds+

Venture debt financing for high-growth companies backed by a select group of leading venture capital investors in India
Founded by Ajay Hattangdi & Vinod Murali, who are pioneers of the venture debt asset class in India and have been investing in the space since 2008
One of the largest Venture Debt funds in the country; Backed by marquee institutional investors including IndusInd Bank, Premji Foundation, SIDBI

Venture debt financing to new age tech-enabled disruptive companies
Led by Ashish Sharma, Tarana Lalwani and Sameer Mansukhani; Partners have ~20+ years each of diversified experience across venture debt, venture capital, financial services, investment banking, strategy, etc.
Has held market leadership position in the venture debt asset class since 13+ years
Backed by reputed international investors – Temasek and United Overseas Bank

Transaction: Primary debt transaction (Market Linked Debentures)
Business: Structured finance / domestic trade finance to mid market entrepreneurs / corporates
Support from parent co., Avendus Capital backed by marquee institutions like KKR and Gaja Capital
Growing & scaled up loan book within a few years of operations along with strong transaction sourcing and credit underwriting capabilities

Transaction: Primary debt transaction (Non Convertible Debentures)
Business: Vehicle Financing & Mortgage backed MSME lending majorly across Rajasthan & Gujarat
Experienced company with 26+ years of existence specializing in vehicle financing with scaled up operations
Strong origination network, credit & underwriting process
Backed by strong investors like Norwest, TPG, Baring, Evolvence

Transaction: Primary debt transaction (Non Convertible Debentures)
Business: South-India based Multi-specialty private hospital chain
Promoted by Dr. Bhaskar Rao, a cardio-thoracic surgeon with 30+ years of experience
Strong equity interest in the company from existing shareholder General Atlantic, who purchased stake from ICICI Ventures
Existing relationship with Avendus NBFC with a good track record and no defaults

Disclaimer | Key Risks

Wealth Management

August 2024

Gold at a Historic High: Exploring the Surge to USD 2,500

Gold price in the international market recently hit an all-time high of USD 2,500 per ounce on August 16, 2024.

Read Time: 3 minutes

Wealth Management

August 2024

The Balancing Game: Decoding the Case for Active vs. Passive Investing

Investing in active vs. passive funds has always been a topic of debate. However, after analyzing historical data, several key insights emerge

Read Time: 1 minute

Wealth Management

June 2024

Is “Consumption” the New Buzzword?

After the unexpected outcome of the General Elections on June 4th, investors quickly shifted their focus to “Consumption” stocks. In today’s market, narrative is everything. So, what is the narrative for “Consumption”?

Read Time: 4 minutes

Wealth Management

May 2024

Unlocking the potential of Alter Ego Trusts: A strategic alternative to Wills

A Will is a foundational instrument, and almost everyone is now alive to the fact that it should be written and executed properly. Yet, despite its widespread acknowledgement, the efficacy of Wills is occasionally questioned due to certain inherent c...

Read Time: 7 minutes

Wealth Management

May 2024

Insights: Possible Impact of the Union Budget on Arbitrage Funds

With the eagerly anticipated Union Budget on the horizon, market participants are abuzz with speculation regarding its potential ramifications.

Read Time: 2 minutes

Wealth Management

April 2024

REITs – Tapping into India’s Real Estate Potential

Real Estate Investment Trusts (REITs) are a convenient investment option allowing investors to access real estate assets through publicly traded units, bypassing direct ownership of the properties.

Read Time: 12 minutes

Wealth Management

December 2022

Fixed Maturity Plans investing in STRIPS – an innovative “passive” solution from the Mutual Fund industry

In the fixed income mutual fund space, the assets under the passive options is increasing rapidly. As of Oct’22, its stands at over INR 1500 bn.

Read Time: 3 minutes

Wealth Management

May 2022

Can investing in Low Volatility Indices be mainstay of Large Cap allocation?

Low Vol ETF or smart beta ETF have become popular over the past few years. Does low volatility imply low risk? How does it compare on the performance side ? Our latest article explores the reasons behind its rising popularity and answers these questi...

Read Time: 7 minutes

Alternate Debt

Disclaimer | Key Risks

Wealth Management

August 2024

Gold at a Historic High: Exploring the Surge to USD 2,500

Wealth Management

August 2024

The Balancing Game: Decoding the Case for Active vs. Passive Investing

Wealth Management

June 2024

Is “Consumption” the New Buzzword?

Wealth Management

May 2024

Unlocking the potential of Alter Ego Trusts: A strategic alternative to Wills

Wealth Management

May 2024

Insights: Possible Impact of the Union Budget on Arbitrage Funds

Wealth Management

April 2024

REITs – Tapping into India’s Real Estate Potential

Wealth Management

December 2022

Fixed Maturity Plans investing in STRIPS – an innovative “passive” solution from the Mutual Fund industry

Wealth Management

May 2022

Can investing in Low Volatility Indices be mainstay of Large Cap allocation?

Alternate
Debt