Religare Enterprises’ alternate assets management platform -- Religare Global Asset Management -- is aiming to raise Rs 750 crore through a close-ended debt fund. It recently concluded raising Rs 300 crore of the total corpus under round I and has started investing in midmarket space with some allocation to the real estate sector.
The sponsor, RGAM Investment Advisors that manages $18 billion alternate asset management platform of Religare, will be investing up to 25% of total fund corpus. Tenure of the debt fund will be three years with the option of two extensions of a year each.
Religare Enterprises is one of India’s leading diversified financial services groups. It offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management.
