Mumbai: Aditya Birla Sun Life AMC Ltd. (ABSLAMC), one of India’s leading asset managers, has announced the first close of its ABSL Structured Opportunities Fund Series II, securing commitments worth ₹700 crore, including co-investments.
This milestone marks a significant step in ABSLAMC’s foray into structured credit under its private credit platform.
The fund aims to raise ₹1,250 crore, with an additional greenshoe option of ₹1,250 crore, allowing total potential mobilization of up to ₹2,500 crore. Structured as a Category II Alternative Investment Fund (AIF), this is the second series under the fund house’s Structured Opportunities strategy and focuses on performing credit opportunities.
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ABSL Structured Opportunities Fund Series II: Targets Diversified Portfolio
Managed by Amit Kansal, Head of Alternate Investments – Fixed Income at ABSLAMC, the ABSL Structured Opportunities Fund Series II is designed to provide bespoke capital solutions for corporates across growth, strategic, and opportunistic needs.
The fund targets a diversified portfolio of 10–12 structured credit transactions, primarily in asset-intensive sectors such as:
- Manufacturing
- Infrastructure
- Industrials
- Chemicals
- Auto
- Financial services
By targeting mid-teens internal rate of returns (IRRs), the fund seeks to meet the needs of investors looking for superior risk-adjusted returns in the private credit space.
The strategy aligns with ABSLAMC’s 4C investment philosophy – Character, Capacity, Collateral, and Cashflows – ensuring a robust credit selection and monitoring process.
Strong Initial Deployment
According to the company, a portion of the committed capital has already been deployed into select investment opportunities in the chemicals, auto, and financial sectors. These transactions are supported by reputable sponsor groups, feature strong collateral profiles, and generate predictable cash flows, enhancing the fund’s risk mitigation framework.
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A Natural Extension of Credit Expertise
Commenting on the development, A. Balasubramanian, Managing Director & CEO of ABSLAMC, said: “The successful first close of our ABSL Structured Opportunities Fund Series II is a strong endorsement of the trust our investors place in our capabilities.
This strategy is a natural extension of our proven investment expertise and deep ecosystem relationships. With flexible drawdown structures to manage market volatility, we’ve seen robust participation across institutional investors, HNIs, UHNIs, and family offices.”
He further emphasized that the ABSL Structured Opportunities Fund Series II is positioned to support the next wave of corporate growth by offering tailored capital solutions and long-term value creation for stakeholders.
Investor Appeal and Market Outlook
The fund’s structure, combining flexible drawdowns, sectoral diversification, and strong sponsor backing, has generated notable interest among a broad investor base. Its value proposition lies in delivering consistent returns through a disciplined underwriting approach and leveraging ABSLAMC’s long-standing track record in fixed income investing.
As India’s private credit market matures, the ABSL Structured Opportunities Fund Series II is expected to play a significant role in bridging the capital gap for mid-to-large corporates that require customized financing without diluting ownership or taking on restrictive debt terms.
Established in 1994, Aditya Birla Sun Life AMC Ltd. is a joint venture between Aditya Birla Capital Ltd. and Sun Life (India) AMC Investments Inc. The company serves as the investment manager for Aditya Birla Sun Life Mutual Fund and manages a comprehensive suite of mutual fund and alternative investment products.
