Question
Which mutual fund company has launched a private
credit alternative investment fund (AIF) and is aiming to raise as much as Rs 1,250 crore from investors?Solution
Axis Asset Management, the mutual fund arm of private sector lender Axis Bank, has launched a private credit alternative investment fund (AIF) and is aiming to raise as much as Rs 1,250 crore from investors. The private credit fund is part of Axis Mutual Fund’s alternative assets business, which comprises late-stage private equity and real estate AIFs on the private markets side, and portfolio management services and long-only equity AIFs on the public markets side. Axis manages assets worth about 5,000 crore under these asset classes.
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