Aditya Birla Sun Life AMC on Monday said it has raised Rs 700 crore through the first closure of its Structured Opportunities Fund – Series II, a Category II Alternative Investment Fund. The capital raised includes co-investments, the asset management firm said in a statement. The fund aims to raise Rs 1,250 crore with a greenshoe option of an additional Rs 1,250 crore, aiming for a total mobilisation of Rs 2,500 crore.
The fund focuses on performing credit opportunities, offering capital solutions across growth, strategic, and opportunistic requirements.
With a focus on structured credit transactions for mid-to-large corporates in asset-heavy sectors such as manufacturing, infrastructure and industrials, the fund seeks to build a diversified portfolio of 10-12 investments targeting mid-teens internal rate of return range.
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The fund has already deployed part of the committed capital across select opportunities in sectors such as chemicals, auto and financials.
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