Areion Group Launches USD 60-Mn Gift City Fund for Special-Situation Investments

New Delhi: Areion Assets Management, the investment arm of Areion Group, on Thursday launched a USD 60 million (around Rs 570 crore) Category III Alternative Investment Fund (AIF) focused on investing in special situations, structured credit and distressed assets.

The fund, registered under the International Financial Services Centres Authority (IFSCA) Regulations, has a tenure of five years, with an option to extend it by up to two years. It aims to provide sophisticated investors access to India’s special situations market through a tax-efficient and internationally recognised investment platform based in GIFT City.

The fund’s investment mandate spans opportunities across the credit spectrum, including Insolvency and Bankruptcy Code (IBC)-led resolutions, one-time settlements and strategic exits to operating companies. It will evaluate opportunities across sectors such as infrastructure, manufacturing, hospitality, financial services and real estate-linked assets. Its strategy is centred on recovery-led value creation through active resolution management, operational turnaround support, negotiated settlements and strategic asset monetisation.

Commenting on the launch, Areion Group Founder Manish Lalwani said India’s special situations market is evolving into a more institutionalised and structured investment opportunity, supported by a favourable regulatory environment. He noted that while participation in special situations strategies has traditionally been limited to institutional investors and high-net-worth individuals, the next phase of growth is expected to see broader investor participation.

Areion Assets Management entered the alternative investment fund space in 2019 and has since built a multi-fund platform comprising Category I and Category II AIFs. Since inception, the firm has deployed around Rs 3,000 crore across special-situation assets.

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