Aditya Birla Sun Life hits first close of debut credit fund

Aditya Birla Sun Life Asset Management Co. (ABSL AMC), the joint venture between Aditya Birla Group and Sun Life Group, has marked the first close of its maiden performing private credit fund, it said on Monday.

- Priyal Mahtta

ABSL AMC launched its performing private credit fund—ABSL Structured Opportunities Fund II—with a target corpus of ₹1,250 crore and a greenshoe option of a similar size, VCCircle first reported in August 2024.

"Leveraging the extensive experience in the credit space and a robust governance framework, the fund has already deployed part of the committed capital across select opportunities in sectors such as chemicals, auto and financials," the asset manager said in a press statement.