BlackSoil Capital announced an equity infusion of $7.2 million from Dutch development bank FMO and Caspian founder S. Viswanatha Prasad. Meanwhile, Areion Asset Management said it has secured over 25% of its fourth fund target.
BlackSoil Capital raises capital
Indian non-banking financial company BlackSoil Capital today announced an equity infusion of Rs 65 crore ($7.2 million) from Dutch development bank FMO and Caspian founder S. Viswanatha Prasad.
The capital will be used to strengthen BlackSoil Capital’s balance sheet and expand its lending portfolio. It will also allow the company to finance more priority-sector businesses and new-economy enterprises, including those in climate and agritech, it said in a statement.
This investment follows the recently completed merger of BlackSoil Capital and Caspian Debt, creating a Rs 2,000 crore institution focused on MSME financing under the unified brand, BlackSoil Capital Private Limited.
The company claims to have disbursed nearly Rs 14,000 crore across more than 550 companies.
“The last few years have brought a period of transition for many NBFCs, marked by evolving liquidity conditions, heightened governance expectations, and a stronger market preference for quality,” said Ankur Bansal, Managing Director, BlackSoil Capital.
Areion Asset secures early commitments for fourth fund
Areion Asset Management, the investment arm of Areion Group, has launched its fourth fund under its special situation strategy and has secured over 25% of its Rs 500 crore target, per an announcement.
Backed by high-net-worth individuals and prominent family offices, the fund has already started investing in secured stressed-asset opportunities and aims to complete its next round of fundraising by the end of 2025-26.
Areion AMC claims to have deployed around Rs 3000 crore in special situation assets since its inception in 2019, and going forward over the next 3-6 months, it plans to invest more than Rs 2000 crore.
