Vivriti Asset Management raises securitisation fund with investment from IFC, M&G Catalyst for AIF

Vivriti Asset Management has secured debt financing from the International Finance Corporation and an anchor commitment from M&G Catalyst for its asset-backed securities fund, which has a target size of $250m. The Vivriti India Retail Asset Fund has already raised $106m from the two investors. Over the 10-year period, the fund will funnel international capital towards non-banking financial companies specialising in small- and medium-sized enterprise finance, used vehicle finance and microfinance.