UTI Capital, an AIF arm of UTI AMC, announced the first close of its private debt fund called UTI Structured Debt Opportunities Fund I (UTI SDOF 1). The AMC has collected Rs.480 crore in its Category II AIF.
In a press release, Leo Puri, Managing Director, UTI AMC and Chairman of UTI Capital said, “We are pleased with the speed with which we were able to achieve a sizeable close for the first AIF sponsored by UTI AMC. I appreciate the confidence that large sophisticated investors continue to repose in the UTI brand and welcome the new investors into the UTI family. We will continue to bring innovative alternative products for our esteemed investors.”
Imtaiyazur Rahman, Group President & Chief Finance Officer, UTI AMC and Director of UTI Capital, said, “Key investors have appreciated the tremendous opportunity in the Indian private debt space and the credit arbitrage opportunities that exist. Notably a significant portion of the current commitment has come from domestic and international institutional investors and family offices.”
Talking about the fund, Rohit Gulati, Managing Partner of UTI Capital said, “This fund aims to fill a void in the mid-market, where traditional capital sources may not be readily available to many high quality and creditworthy borrowers due to various constraints. We seek to identify and create a portfolio of such borrowers through active origination, underwriting, monitoring and hence create value for our investors.”
