Aditya Birla Sun Life AMC Limited (ABSLAMC) has announced the first close of its Structured Opportunities Fund – Series II, a Category II Alternative Investment Fund (AIF), raising INR 700 crores, including co-investments. 

The fund aims to raise INR 1,250 crores with a greenshoe option of an additional INR 1,250 crores, aiming for a total possible mobilization of INR 2,500 crores.

The fund, managed by Amit Kansal, Head Alternate Investments – Fixed Income at Aditya Birla Sun Life AMC Ltd.; focusses on performing credit opportunities, offering bespoke capital solutions across growth, strategic, and opportunistic requirements. 

With an emphasis on structured credit transactions for mid-to-large corporates in asset-heavy sectors like manufacturing, infrastructure and industrials, the fund seeks to build a diversified portfolio of 10–12 investments targeting mid-teens internal rate of return (IRR) range. 

Leveraging the extensive experience in the credit space and a robust governance framework, the fund has already deployed part of the committed capital across select opportunities in sectors such as chemicals, auto and financials. 

These deals are backed by well-established sponsor groups and feature strong collateral and cash flow profiles, aligning with the fund’s 4C investment philosophy – Character, Capacity, Collateral and Cashflows.