Skip to content


Vision Global plans $200-million distressed debt fund

Vision Global Investments is looking at launching a $200 million distressed debt fund in the near future. The move comes at a time when a number of other funds in this space are active in India like Clearwater, ADM Capital, WL Ross and DE Shaw.

With the fall in markets and on the back of fears of a downturn in Asian economies, a host of funds are launching distressed funds targeting Asia. Most of the new distressed funds are targeting companies in China, India and Korea.
Distressed debt funds come into play when companies get into difficulty in paying their debt obligations.

In case of India, some of them would be BIFR cases or where they have gone through the corporate debt restructuring (CDR) mechanisms. These funds normally takeover the debt from the banks and restructure it through a mix of debt and equity.

Going forward, Vision Global is also looking to launch a ‘clean technology fund’. “We are also looking to launch a India Secondary Market fund. However, that would not be in the near term, given the current market volatility. We are also waiting for the global situation to pan out,” Vision Global managing director Parth Gandhi told ET.

Vision Global had recently announced the launch of a $1billion India Infrastructure-focused fund called ‘Vision Global India Infrastructure Fund’. The fund would have its first close by May-end this year and is looking to raise $300 million in its first round. It is looking at investments of $25-75 million through this fund in verticals like roads, airport, ports, urban infrastructure and logistics in the infrastructure space. The fund is expected to provide an average 20-25% return on investment per annum.

The fund is a three way alliance of Delaware-based Vision Global, India-based entities SREI Infrastructure Finance (an NBFC with an asset base of $890 million) and Prima Donna Global Holdings WWL. With offices in New York, London, Delhi, and most recently Bahrain, as well as an advisory office in Mumbai, the infrastructure fund is the group’s initial offering. The company is looking at a large team of around 14 professionals, to be based out of Mumbai and Delhi, for its India Infrastructure Fund.

Source: Economic Times


Posted in Main Page.


No Responses (yet)

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.



Some HTML is OK

or, reply to this post via trackback.



Disclaimer: The www.hedgefundsindia.com website solely provides information about HEDGE FUNDS INDIA space. No data or statement herein is or should be construed to be a recommendation for the purchase, retention, or sale of the securities referred to herein and we accept no liability for the consequences of your reliance on this data and information. The value of investments and the income derived from them may fall as well as rise. The information in this website is based on data gathered from publicly available websites and other information mediums. We have not independently verified such information , do not represent it as accurate, true or complete, make no warranty, express or implied regarding it and shall not be liable for any losses, damages, costs or expenses relating to its adequacy, accuracy, truth, completeness or use. Investments in hedge funds, private equity, venture capital and other private investment funds are speculative and involve a high degree of risk. You could lose all or a substantial amount of your investment. This website does not list, and does not purport to list, the risk factors associated with an investment in any of the funds listed on this site. We do not represent any hedge funds, private equity or investment/financial advisors nor give any investment recommendations.