India: IIFL AMC plans to raise $500m for maiden structured credit fund

India: IIFL AMC plans to raise $500m for maiden structured credit fund

IIFL Investment Managers MD and CEO Karan Bhagat. Photo: Mint

IIFL Asset Management Co. Ltd, a part of the wealth management business of IIFL Group, plans to raise at least $500 million for its maiden structured credit fund, said a top company executive. The company has also hired two officials, including one from private equity firm KKR and Co. Inc., to lead the structured debt business.

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