World Bank Group member International Finance Corporation (IFC) has proposed to extend a senior loan of up to $30 million to Vivriti India Retail Assets Fund, the latest alternative investment fund of Vivriti Asset Management Private Limited (VAM), according to a disclosure.
The fund, which will be established in the GIFT City, India’s International Finance Services Center (IFSC), will have a target corpus of $150 million, with a green-shoe option of $150 million. It will invest in senior tranches of securitised debt securities backed by granular assets.