Cosmos Group ventures into Alternative Investment Funds
The fund aims to raise INR 500 crore, with an additional green shoe option of INR 250 crore
Cosmos Grouptoday announced its foray into the Alternative Investment Funds (AIF) landscape with the launch of its maiden AIF. The fund aims to raise INR 500 crore, with an additional green shoe option of INR 250 crore, showcasing the group's commitment to empowering the SME sector.
Led by the partnership of Cosmos Group and Mayank Singhvi as its CEO, the fund will prioritize investments in the SME sector, aligning with the group's vision to foster growth and innovation within this vital segment of the economy. Leveraging their collective expertise and experience, Cosmos Group and Mayank Singhvi are poised to steer the fund towards impactful investments that drive sustainable development and economic prosperity.
In addition to its focus on the SME sector, Cosmos Group also announced plans to launch a Category 2 Debt fund, further expanding its footprint in the financial services domain. This strategic move underscores the group's dedication to offering a comprehensive suite of investment solutions tailored to meet the diverse needs of investors.
Commenting on the launch, Ankit Sapra, Chief Visionary Officer, said, "We are thrilled to embark on this new journey into the realm of Alternative Investment Funds. Our partnership with Mayank Singhvi and our focus on the SME sector reflect our unwavering commitment to driving positive change and creating value for our stakeholders."
