Portfolio Partner Profile

Vivriti India Retail Assets Fund

The Vivriti India Retail Assets Fund (VIRAF) is an alternative investment fund that invests in Indian asset backed securities (ABS). VIRAF is India’s first ABS fund and on-ramp for international investors to participate in and deepen securitization markets in India. VIRAF has a fund term of 10 years with a target assets under management of $250 million and is domiciled in the Gujarat International Finance Tech City, International Financial Services Center. The fund supports micro-, small-, and medium-sized enterprises (MSMEs), as well as low-income households that receive small retail loans for income generation, asset finance, and consumption The fund is designed to address the needs of women-owned micro- and small-enterprises, with at least 40% of its proceeds specifically allocated for them. VIRAF has also recently committed to the 2X Challenge 2024.

VIRAF is managed by Vivriti Asset Management (VAM), a subsidiary of Vivriti Capital Private Limited. VAM was founded in 2019 and focuses on addressing the large demand-supply imbalance related to accessing debt for mid-market enterprises in India. The subsidiary helps entrepreneurs and MSMEs access the credit market by connecting them with institutional, private wealth, and offshore investors who aim to generate social and environmental impact alongside a financial return. The connection is made through alternate investment funds, such as VIRAF, with an underlying philosophy that is strongly aligned with United Nations’ SDGs.

Return to Portfolio:

Community Investment Note Portfolio

Sectors and Topics:

Small Business
Microfinance

Region(s):

East Asia & Pacific

Countries:

India

US States:

First Year of Investment:

2024

Website:

https://vivritiamc.com/

Social Media:

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Calvert Impact Capital, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Community Investment Note. Calvert Impact Climate, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Cut Carbon Note. The Community Investment Note and Cut Carbon Note are subject to certain risks, are not mutual funds, are not FDIC or SIPC insured, and should not be confused with any Calvert Research and Management-sponsored investment product. The Community Investment Notes and the Cut Carbon Notes are debt securities subject to the terms, conditions and risks described in the current prospectus, prospectus supplement(s) and pricing supplements, as applicable, including risk of possible loss of the amount invested. Payment is dependent on the issuer’s financial condition at the time payment is due. Any decision to invest in these securities through this Site should only be made after reading the applicable prospectus, prospectus supplement(s) and pricing supplement or by calling 800-248-0337.

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