In a presentation, Aditya Birla Capital showed fundraising is underway for ABSL India Special Opportunities Fund (CAT III AIF). There are 2 products in the pipeline in the form of the ABSL Structured Opportunities Fund (CAT II AIF), and the ABSL Money Manager Fund (CAT II AIF). The PMS/AIF business manages an AUM of Rs 3368 crore.    

On the real estate side (Rs 491 crore), fundraising is underway for Aditya Birla Real Estate Credit Opportunities Fund Series 2 (CAT II AIF). Aditya Birla Real Estate Credit Opportunities Fund (CAT II AIF) is in a fully deployed state and one exit has been concluded, the presentation showed.

Overall, the alternate assets equity AAUM (average assets under management) of Aditya Birla Sun Life AMC is more than Rs 14,000 crore. This number includes Rs 11,207 crore from the offshore segment. In the offshore segment, fundraising is underway in ABSL Global EM Equity Fund (IFSC) - a Cat II AIF (Global Equity FoF AIF) domiciled in GIFT City, ABSL Index Linked Fund (IFSC) - a CAT III AIF investing in METYS Index-linked Notes issued by HSBC Bank Plc, and ABSL India Opportunities Fund - a Fixed Income Fund domiciled in Cayman Islands investing in Indian Issued Dollar Bonds. There are 3 products in the pipeline for the offshore business - ABSL India ESG Engagement Fund (IFSC), ABSL Flexi Cap Fund (IFSC), and ABSL Global Bluechip Fund (IFSC).

"Focus on scaling alternative assets business including AIF, PMS and Real Estate. New product launches in equity and fixed income AIF and scale up existing PMS portfolios. Increase presence among institutional investors," the firm outlined its approach for passive & alternative investments business.

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