Kolkata: Vivriti Asset Management, one of the country’s leading mid-market private credit-focused asset management firms, has initiated discussions with a city-based QSR chain for investment. It is also in talks with a local FMCG and steel company for investment.Vivriti has a total debt investment portfolio of Rs 10,000 crore. The average tenure of its investment is 3-3.5 years, with a lock-in of 18 months. Chief investment officer Soumendra Ghosh pointed out that Vivriti was planning to expand its footprint in the eastern region and expected Bengal and Odisha to make a meaningful contribution to its fresh commitments.The AMC has so far invested in 115 companies across the country, but none from the eastern region. Ghosh added that Kolkata now accounts for 3% of the total funds raised, and it is hoping that in the next one year, the contribution would double to 6%. Kolkata is expected to account for the bulk of total commitments from the region, Ghosh said.He went on to add that the firm would launch its fourth fund with a base size of Rs 3,000 crore and would have a green shoe option of another Rs 2,000 crore this year.
