Secured structured credit and private credit fund research profile
Axis Structured Credit AIF is a bundled record for the Axis Structured Credit AIF I and successor AIF II vehicles. AIF-II is a secured structured-credit fund managed by Axis AMC, with public evidence of its 2025 final close, named structured-credit leadership and borrower-level financing disclosures for highway SPVs.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Axis Structured Credit AIF I–II (bundled) uses a secured structured credit and private credit approach across Mid-market businesses, infrastructure, structured finance.
Current evidence
Axis AMC announced the final close of Axis Structured Credit AIF-II at approximately INR 740 crore in May 2025. A July 2025 borrower filing identifies the fund as lender to four highway SPVs and describes the use of proceeds for capex, HAM-project equity infusion, refinancing and working capital.
Bundled fund series
Related manager and vehicle records are shown here as one fund family. The original source trails and vehicle-level caveats remain preserved in the research record.
Axis Structured Credit AIF II
Vintage / record year: 2023
Strategy
Secured structured credit and private credit
Sector focus
Mid-market businesses, infrastructure, structured finance
AIF structure context
Indian private credit, venture-debt and special-situations funds are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.
Current signal
Axis AMC announced the final close of Axis Structured Credit AIF-II at approximately INR 740 crore in May 2025. A July 2025 borrower filing identifies the fund as lender to four highway SPVs and describes the use of proceeds for capex, HAM-project equity infusion, refinancing and working capital.
Investor questions
Axis Structured Credit AIF I–II (bundled) is covered in Rupeia's private credit research universe. The current public record describes the strategy as Secured structured credit and private credit, with a sector focus of Mid-market businesses, infrastructure, structured finance. The profile should be read with the linked source trail and Typical route: Category II AIF context.
The profile displays only company or asset names attributable to Axis Structured Credit AIF I–II (bundled) in the reviewed public sources: VME Highways Private Limited; Vijaypur–Kunjwani Highways Private Limited; Kollam Highways Private Limited; Kappirikad Highways Private Limited; SCC Group; Ganesha Ecosphere. It does not represent a complete current portfolio unless the manager has published one.
Axis AIF-II’s public record confirms fundraising and deployment evidence, not audited fund-level returns. A company filing identifies the fund as lender to four named highway SPVs for capex, HAM-project equity infusion, refinancing and working capital. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: Axis Structured Credit AIF-II final close of approximately INR 740 crore in May 2025; the earlier target was INR 1,000 crore plus a INR 250 crore green-shoe option.. Public terms or access information: Close-ended Category II AIF; secured structured-credit transactions, typically INR 50–65 crore, with a five-year tenure from the October 2023 first close and a stated target gross IRR of 13–14%. Exact fees, carry and hurdle are not publicly disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Nachiket Naik (Head – Structured Credit, Axis AMC). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review borrower concentration, security and seniority, cash versus accrued income, defaults, recoveries, fund leverage and liquidity. The current open diligence point is: Vehicle-level fees, carry, realised net IRR/DPI and a complete current borrower schedule are not publicly disclosed. The highway SPVs are retained because a borrower filing explicitly identifies Axis Structured Credit AIF-II as lender; generic Axis AMC portfolio examples are not attributed to this AIF and are excluded. Axis Structured Credit AIF I and II are shown as one structured-credit family; vehicle-level differences and source trails remain in seriesRecords..
2025-07-31: Axis AMC announced the final close of Axis Structured Credit AIF-II at approximately INR 740 crore in May 2025. A July 2025 borrower filing identifies the fund as lender to four highway SPVs and describes the use of proceeds for capex, HAM-project equity infusion, refinancing and working capital.
Next step
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