JM Financial Asset Management on Tuesday announced the launch of its second credit-focused Alternative Investment Fund (AIF), targeting a corpus of Rs 1,000 crore ($105 million) with a greenshoe option of an additional Rs 1,000 crore.
The launch of JM Financial Select Credit Fund II (SCF II) marks another step in the firm’s expanding alternatives investment platform.
The fund will focus on performing credit opportunities across sectors, targeting companies with stable cash flows, strong promoter track records, and solid business fundamentals, the company said in a statement. Through this strategy, the fund aims to provide structured credit solutions to high-quality businesses while offering investors attractive risk-adjusted return opportunities.
“India’s private credit market is evolving rapidly as companies increasingly seek flexible and tailored financing solutions beyond traditional sources of capital,” said Amitabh Mohanty, Managing Director & CEO, JM Financial Asset Management.
“The launch of our second performing credit fund reflects our continued commitment to building a diversified alternatives platform that can address the evolving capital requirements of businesses while offering attractive risk-adjusted opportunities for investors,” he added.
The strategy will be led by Amit Dharod, Managing Director, Alternative Assets, JM Financial Asset Management, who joined the firm last year from Ascertis Credit (formerly BPEA Credit).
Dharod has more than 25 years of experience and has previously worked with institutions including ICICI Bank, GE Capital Services India, and The Royal Bank of Scotland (formerly ABN AMRO Bank).
