Axis Asset Management Company has announced the final close of its Axis Structured Credit AIF II, raising ₹740 crore in investor commitments, according to media reports. The Alternative Investment Fund (AIF) aims to create a diversified portfolio of structured credit deals, primarily in the ₹50–65 crore range.

Over 50% of the commitments came from institutional investors such as insurance firms, corporates, and family offices. The remainder was raised through high-net-worth individuals and wealth management channels.

With a five-year tenure starting from its first close in October 2023, the fund seeks to capitalise on current liquidity conditions by increasing exposure to shorter-tenure bonds and corporate debt. To manage concentration risk, the fund restricts single-deal exposure to a maximum of 10% of the corpus.

According to B Gopkumar, MD & CEO of Axis AMC, the firm’s focus is on delivering high-quality credit investment opportunities and its ability to adapt to changing market conditions while targeting superior risk-adjusted returns.

Axis AMC has been steadily growing its alternative investment footprint, having raised over ₹6,500 crore in the last eight years across real estate, private equity, structured credit, and equity strategies on PMS and AIF platforms.