Areion Assets Management launches $60 million AIF to tap India's special

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The Economic Times daily newspaper is available online now. Read Today's Paper Areion Assets Management launches $60 million AIF to tap India's special situations marketBy Kshitij Anand, ETMarkets.comLast Updated: Jun 25, 2026, 11:00:00 AM ISTSynopsis

Areion Assets Management has launched a $60 million Category III AIF from GIFT City targeting India’s special situations market. The fund will invest in distressed assets, structured credit and IBC opportunities, focusing on recovery-led value creation across sectors, amid increasing institutionalisation of alternative investments in India.

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Loading...×Areion Assets Management Private Limited (AAMPL), the investment management arm of Areion Group, has launched the Areion Growth Fund, GIFT City, a Category III Alternative Investment Fund (AIF) under the International Financial Services Centres Authority (IFSCA) Regulations, 2025, with a target corpus of $60 million (around Rs 570 crore).

The fund aims to provide sophisticated investors access to India's growing special situations, structured credit and distressed asset opportunities through the GIFT City platform, which offers a tax-efficient and internationally recognised investment ecosystem for cross-border capital.

The fund will have a tenure of five years, with an option to extend it by up to two years.

The investment mandate covers special situations across India's credit spectrum, including investments in assets undergoing resolution under the Insolvency and Bankruptcy Code (IBC), one-time settlements and strategic exits to operating companies.

The fund will evaluate opportunities across sectors such as infrastructure, manufacturing, hospitality, financial services and real estate-linked assets.

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According to the company, the investment strategy will focus on recovery-led value creation through active resolution management, operational turnaround support, negotiated settlements and strategic asset monetisation.

Commenting on the launch, Manish Lalwani, Founder of Areion Group, said the Indian special situations market is entering a more institutionalised phase, creating a significant opportunity for investors.

"The launch of the Areion Growth Fund, GIFT City, comes at a pivotal moment, as India's special situations 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 capitalise on this evolving investment landscape," Lalwani said.

AAMPL entered the alternative investment fund space in 2019 and has since built a multi-fund platform comprising Category I and Category II AIFs. Since inception, the firm has deployed approximately Rs 3,000 crore in special situation assets.

Founded in 2013, Areion Group is a financial advisory and investment platform focused on corporate finance, special situations and strategic investments.

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