Dewan Housing Finance Corporation’s Private Equity (PE) arm, ArthVeda Fund, has launched an infrastructure debt fund. The Rs 200-crore ArthVeda ANU credit fund is likely to invest up to Rs 20 crore per investment in unlisted companies with annual revenue ranging between Rs 50 crore and Rs 100 crore. The fund, which will offer working capital and mobilization capital for a period between 18 and 24 months, expects to generate returns of over 25%.
Further, the fund, which also has a green-shoe option of Rs 100 crore, expects to make up to 20 investments through its life-cycle, the returns of which will be deployed back into future projects.
