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Vivriti Asset onboards European institutional investor for GIFT City fund

VCCircle

VCCircle · 3m ago

Vivriti Asset onboards European institutional investor for GIFT City fund

Vivriti Asset Management, part of Chennai-based Vivriti Group, has attracted a European impact investor for its GIFT City-based thematic fund, the Vivriti India Retail Assets Fund (VIRAF). The asset management arm has already committed around $650 million across eight funds and is now targeting to raise $250 million for VIRAF. Recently, it secured $20 million in senior debt commitments, underscoring growing international interest in its initiatives.

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Vivriti Asset taps foreign investors for GIFT City fund, raises over half the corpus

VCCircle

VCCircle · 6m ago

Vivriti Asset taps foreign investors for GIFT City fund, raises over half the corpus

Vivriti Asset Management, part of Chennai's Vivriti Group, has successfully engaged foreign investors for its fund located in Gujarat's GIFT City. As of Thursday, the company has achieved approximately 60% of the fund’s intended corpus. The focus of Vivriti is on debt-financing, and this new development indicates strong external interest and support for their financial initiatives and strategies within this significant Indian financial hub.

Africa-focused ALCB Fund onboards European DFI

VCCircle

VCCircle · 1y ago

Africa-focused ALCB Fund onboards European DFI

ALCB Fund, an Africa-focused debt investment vehicle, is set to receive investment commitment from a European institutional investor. The Luxembourg-domiciled fund aims to issue medium-term-note (MTN) series to support micro, small, and medium enterprises (MSMEs) in Africa. ALCB Fund primarily focuses on tier II financial institutions on the continent.

We Founder Circle’s GIFT city fund raises $10 Mn, onboards 250+ investors

Inc42 · 1y ago

We Founder Circle’s GIFT city fund raises $10 Mn, onboards 250+ investors

We Founder Circle's GIFT City Fund has raised $10 million and onboarded over 250 investors. The fund, which aims to close up to 10 deals by the end of the fiscal year, has invested in seven startups so far. The GIFT City Fund leverages innovative financial structures and compliance strategies for cross-border investments. With a target corpus of $30 million, the fund focuses on diversification and capturing high-growth opportunities across various industries. Founded in 2020, We Founder Circle has over 9,000 investors and has made over 100 investments.

More Indian asset managers shift overseas business to GIFT City

VCCircle

VCCircle · 1y ago

More Indian asset managers shift overseas business to GIFT City

Several Indian asset managers are relocating their offshore fund business from financial centers like Dubai and Singapore to GIFT City in Gujarat, India. GIFT City is being promoted by the Indian government as a gateway for global capital and financial services, offering tax breaks and incentives to attract companies. In the last six months, eight out of the top 10 Indian asset managers have either relocated or set up new funds in GIFT City. The stable regulatory regime and proximity to Indian markets are driving these decisions, with cost-effectiveness also being a factor.

Anicut Capital gets foreign capital for private credit fund via GIFT City vehicle

VCCircle

VCCircle · 10m ago

Anicut Capital gets foreign capital for private credit fund via GIFT City vehicle

Anicut Capital, a Chennai-based debt and equity investor, has obtained foreign capital for its private credit fund through a feeder fund based in Gujarat's GIFT City. The feeder fund is registered with the International Financial Services Centre Authority (IFSCA) and is part of the increasing trend of investment vehicles being established in GIFT City. Anicut Capital is currently raising its third debt fund.

AIIM gets fatter cheque from returning LP for new pan-Africa fund

VCCircle

VCCircle · 1y ago

AIIM gets fatter cheque from returning LP for new pan-Africa fund

AIIM, the infrastructure asset manager in Africa, has received a significant investment from a European institutional investor for its fourth pan-African fund. The private equity firm has gained support from a returning limited partner, German development finance institution Deutsche Investitions- und Entwicklungsgesellschaft (DEG). The investment will contribute to the growth of AIIM's fund, aimed at infrastructure development across Africa.

ADIA starts operations in India's GIFT City finance hub

VCCircle

VCCircle · 11m ago

ADIA starts operations in India's GIFT City finance hub

- ADIA, the largest sovereign wealth fund in the UAE, has started operations in India's tax-neutral finance hub, GIFT City. - GIFT City is a financial services hub that offers a 10-year tax holiday and no taxes on funds transfer from overseas jurisdictions. - The UAE is the largest Arab investor in India, with investments amounting to around $3 billion in the last fiscal year. - ADIA had announced its intention to establish a presence in GIFT City in July 2023. - The sovereign fund is setting up a $4-5 billion fund to invest in India through the finance hub.

Financial distributors turn to GIFT City for outbound funds. But few can enter.

Livemint

Livemint · 1m ago

Financial distributors turn to GIFT City for outbound funds. But few can enter.

In response to regulatory caps limiting access to global markets through mutual funds, Indian financial distributors are increasingly looking to GIFT City for outbound fund opportunities to meet the growing investor demand for international exposure. However, the limited availability of such funds and high investment thresholds present significant challenges. Despite these hurdles, GIFT City has emerged as a viable alternative for retail and high-net-worth investors seeking global equity exposure.

DSP MF breaks new ground with India’s first retail offshore fund from GIFT City

Livemint

Livemint · 2m ago

DSP MF breaks new ground with India’s first retail offshore fund from GIFT City

DSP Mutual Fund has launched India's first retail-centric offshore mutual fund from GIFT City. The DSP Global Equity Fund allows Indian investors to participate with a minimum of $5,000 in global stocks, bypassing Sebi caps and foreign platforms through a tax-efficient route. This fund, introduced on June 2, 2025, aims to broaden retail access to international finance, operating under GIFT City's updated framework, and serves as a test of the hub's potential beyond institutional investors.

Azim Premji's wealth fund gets nod to set up shop in GIFT City

VCCircle

VCCircle · 1y ago

Azim Premji's wealth fund gets nod to set up shop in GIFT City

Billionaire Azim Premji's wealth fund has received approval to establish a family investment fund in India's Gujarat International Finance Tec-City (GIFT City). This move allows the fund to invest overseas without regulatory approval. GIFT City, a financial hub in Prime Minister Narendra Modi's home state, has been implementing initiatives to attract foreign brokers and companies. Premji's family office declined to comment. The fund has $10 billion in assets, with the proposed GIFT entity planning an initial investment of $200 million. Approximately 80 funds with $24 billion in commitments have been set up in GIFT City.

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