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Sundaram Alternatives launches Emerging Corporate Credit Opportunities Fund

Sundaram Alternatives launches Emerging Corporate Credit Opportunities Fund

Sundaram Alternatives, a wholly owned subsidiary of Sundaram Asset Management Company Limited (SAMC), on Thursday announced the launch of its first corporate credit fund ‘The Emerging Corporate Credit Opportunities Fund – Series I (ECCO I)’, which aims to provide impact, inclusion and Focuses on sustainability. ,

A Category II Alternative Investment Fund (AIF), Emerging Corporate Credit Opportunities Fund, will invest through high-yield debentures and mezzanine securities of companies in MSMEs, SMEs, fintech, manufacturing and services.

Mid-to-High Teen Returns

“Many companies in these sectors find it relatively cumbersome to raise capital from banks and equity markets. The fund will seek to capitalize on this opportunity by becoming a differentiator in the market through unique fund creation and deal structure backed by Sundaram Finance Group, which will aid in the generation of consistent cash flows and risk-adjusted portfolio returns. mid to high teens to its investors,” Sundaram Alternatives said in a press release.

“India’s corporate sector has gone through a protracted phase of balance-sheet deleveraging and is now poised to lead the next phase of the capex cycle. The government’s focus and policy incentives on capex are beginning to show on the ground. But when it comes to MSMEs, SMEs, Fintech, the space is eroded by banks and there is funding opportunity,” Vijayendran R, Chief Executive Officer, Sundaram Alternatives said in the statement.

“The boom in business growth, especially in medium and small sized companies, naturally results in higher demand for private loans. Providing it in an adequate and timely manner, along with the speed and flexibility allowed us to achieve premium Will get it,” he said.

ECCO I will primarily focus on the South Indian markets where Sundaram has a strong brand-recall. The fund is open to membership by domestic and international investors.

Published on

23 June 2022

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