Deals 
Dealstreet

TT&A advises M&G Investments in its investment in Vivriti India Retail Asset Fund

Approximately ₹620.4 crores ($75 million) was invested by M&G Investments.

Bar & Bench

M&G Investments (Singapore) Pte. Ltd. has made an investment of approximately ₹620.4 crores ($75 million) in Vivriti India Retail Asset Fund (VIRAF) – Series 3 IFSC LLP (the Fund), which is domiciled in GIFT City IFSC.

Talwar Thakore & Associates advised M&G Investments in this deal.

The transaction team consisted of Rituparno Bhattacharya (Partner), Tanay Agarwal (Managing Associate) and Aman Golechha (Senior Associate).

Vivriti India Retail Asset Fund (VIRAF) will be a first-of-a-kind asset-backed securitization (ABS) fund in India. IFC has invested US$30 million in VIRAF, managed by Vivriti Asset Management and backed by a capital commitment of USD 75 million from M&G Catalyst - a global private assets strategy within leading international investment manager M&G Investment.

The fund will focus on scaling investment in securitized debt securities with MSE-backed assets - predominantly microloans to MSEs, which will constitute about 90 percent of the portfolio.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.

Also Read

Whitefield police station should be renamed darkfield: Karnataka HC flags repeated violation of arrest guidelines

Bombay High Court pulls up FDA for 'high-handed' cancellation of Cipla drug licences

Not a single life should be lost: Bombay High Court orders medical care for fasting tribal students

Bombay HC suggests restaurants maintain websites, social media handles to facilitate feedback on food hygiene

Take appointment of arbitrators away from parties, institutionalise process: Shashank Garg

SCROLL FOR NEXT