Performing credit (mid-market + FI lending) fund research profile
Vivriti Asset Management is a domestic private-credit manager focused on inclusive finance, fixed-income and diversified credit strategies. It uses the Vivriti ecosystem’s origination and technology capabilities to reach underserved businesses and financial institutions, with funds designed for institutional and sophisticated investors.
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
Vivriti Asset Management uses a performing credit (mid-market + fi lending) approach across Mid-market corporates, NBFCs.
Current evidence
Vivriti Asset Management’s FY2025–26 annual-report disclosures and FY2024–25 report identify a growing private-credit platform, two new funds, three fund closures, INR 4,100 crore of AUM as of March 2025, and named vehicles including VIRAF and Diversified Bond Fund II. The manager reports more than INR 5,500 crore raised since inception.
Strategy
Performing credit (mid-market + FI lending)
Sector focus
Mid-market corporates, NBFCs
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
Vivriti Asset Management’s FY2025–26 annual-report disclosures and FY2024–25 report identify a growing private-credit platform, two new funds, three fund closures, INR 4,100 crore of AUM as of March 2025, and named vehicles including VIRAF and Diversified Bond Fund II. The manager reports more than INR 5,500 crore raised since inception.
Investor questions
Vivriti Asset Management is covered in Rupeia's private credit research universe. The current public record describes the strategy as Performing credit (mid-market + FI lending), with a sector focus of Mid-market corporates, NBFCs. 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 Vivriti Asset Management in the reviewed public sources: Vivriti India Retail Assets Fund, Diversified Bond Fund II, Vivriti India Impact Fund, Vivriti India Microfinance Fund. It does not represent a complete current portfolio unless the manager has published one.
Vivriti’s FY25 annual report describes the platform and its investor backing, while the manager announced final close of Diversified Bond Fund II and launch of Fund III. Public materials do not provide a consolidated fund-level IRR or DPI. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: The manager’s public record cites ₹5,000 crore-plus cumulative platform activity in the supplied universe; individual vehicle sizes and final closes should be read from current fund disclosures.. Public terms or access information: Diversified private credit and bond strategies across inclusive-finance and corporate-credit opportunities; fees, carry, tenor and target return vary by vehicle and are not fully public.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Vineet Sukumar. 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: The manager discloses vehicle-level and platform metrics but not a complete current borrower list or fund-wise realised returns for all live strategies..
2026-08-31: Vivriti Asset Management’s FY2025–26 annual-report disclosures and FY2024–25 report identify a growing private-credit platform, two new funds, three fund closures, INR 4,100 crore of AUM as of March 2025, and named vehicles including VIRAF and Diversified Bond Fund II. The manager reports more than INR 5,500 crore raised since inception.
Next step
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