Avendus is a provider of financial services, with an emphasis on customized solutions in the areas of financial advisory, capital markets, wealth management, and alternative asset management. The company's clients include institutional investors, corporates, and high net worth families. These services are provided through varied delivery channels and specialized subsidiaries.
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Latest Avendus News
Nov 20, 2022
MUMBAI : Financial services firm Avendus will hit the final close of its second structured credit fund at ₹1,000 crore soon with participation from high net-worth individuals as well as institutions, said Nilesh Dhedhi, fund manager, Avendus Structured Credit Fund, and head, structured credit, Avendus Finance. “Of the target fund size of ₹1,000 crore (including green shoe) we have received commitment for 75%-plus. We did our first close earlier this year and hit subsequent closes. We have drawn 30% of the capital and have deployed it across three deals, while looking at more deals for the investment pipeline. We are likely to close the fund within a few months." While it had raised the first fund entirely from HNIs, the second fund has also got commitments from institutional investors. “For this fund, several domestic institutions from insurance (life and non-life) and banking sectors are participating. We expect many more institutional investors to pick this asset class," he added. The Avendus Structured Credit platform has seen over 60 transactions in the last five years. The mid-to-high yield performing fund offers solutions to firms and promoters with high quality differentiated businesses, including growth financing, acquisition financing, capex financing, and bridge-to-next round of equity financing and for initial public offerings. “It expands the entire capital structure spectrum allowing customized capital for the type of investment. It is a sector-agnostic fund. However, some sectors where we have many deals include pharma and healthcare, IT services, specialty chemicals, manufacturing and B2B services. Sectors where we are not active are real estate, and infrastructure," said Dhedhi. Avendus exited all the nine investments from its first fund, Avendus Structured Credit Fund I, at a gross internal rate of return of around 18%. It plans to expand the structured credit business’ investment strategy to cater to a broader spectrum of demand.
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Avendus Frequently Asked Questions (FAQ)
Where is Avendus's headquarters?
Avendus's headquarters is located at IL&FS Financial Centre, C & D Quadrant, Mumbai.
What is Avendus's latest funding round?
Avendus's latest funding round is Private Equity.
How much did Avendus raise?
Avendus raised a total of $152M.
Who are the investors of Avendus?
Investors of Avendus include KKR, Gaja Capital Partners, Yogesh Mahansaria and Infinity Venture.
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