65
/
2
Min Read
Areion Group, through its investment management arm Areion Assets Management Private Limited (AAMPL), has announced the launch of the Areion Growth Fund - GIFT City, a Category III Alternative Investment Fund (AIF) registered under the International Financial Services Centres Authority (IFSCA) Regulations, 2025. The fund aims to capitalize on India’s growing special situations, structured credit and distressed asset opportunities.
The fund has a target corpus of USD 60 million (approximately Rs 570 crore) and will operate with a five-year tenure, extendable by up to two years. Structured through GIFT City, the platform is designed to provide global investors with tax-efficient access to India’s evolving special situations market.
The investment mandate will cover opportunities across India’s credit spectrum, including distressed assets, structured credit, Insolvency and Bankruptcy Code (IBC)-led resolutions, one-time settlements and strategic exits. The fund will evaluate opportunities across sectors such as infrastructure, manufacturing, hospitality, financial services and real estate-linked assets.
According to the company, the strategy will focus on recovery-driven value creation through active resolution management, operational turnaround initiatives, negotiated settlements and strategic asset monetisation.
Commenting on the launch, Manish Lalwani, Founder of Areion Group, said, “The launch of the Areion Growth Fund - GIFT City comes at a pivotal moment, as India’s special situation market is transitioning into a more institutionalised and structured investment opportunity. While participation in special situations strategies has historically been limited to institutional investors and high-net-worth individuals, we believe the next phase of growth will see broader participation, supported by an increasingly conducive regulatory environment. Areion Group is well-positioned to capitalize on this evolving investment landscape.”
AAMPL entered the alternative investment fund space in 2019 and has since built a multi-fund platform spanning Category I and Category II AIFs. Since inception, the firm has deployed approximately Rs 3,000 crore into special situation assets, reflecting its focus on distressed investing and turnaround opportunities.
The launch underscores growing investor interest in India’s distressed and special situations market, supported by regulatory reforms, an expanding resolution ecosystem and increasing institutional participation.
This article was originally
published by the 
