EQ partners with Vivriti to invest 375 crore rupees in debt financing for small businesses and end-techs
Swiss impact investment firm Enabling Qapital (EQ) has partnered with Vivriti Asset Management (VAM), a leading asset manager, based in Chennai, to invest up to Rs 375 crore in the promotion of the UN Sustainable Development Goals (SDGs) and in supporting companies that are expected to lead the economic recovery from the pandemic.
The partnership aims to provide debt financing to support small businesses and fintech, empower women entrepreneurs and strengthen agricultural supply chains, according to a VAM statement.
EQ has a global presence with over 25 team members based in Switzerland, Liechtenstein, Kenya, Pakistan, Kyrgyzstan, India and Ecuador.
The company currently advises assets of approximately $ 300 million.
Chuck Olson, Managing Partner at EQ, said: “The partnership will leverage the Vivriti team’s extensive experience in identifying high quality companies, investing in Indian credit markets and managing debt. risks across economic cycles.
Earlier this year, VAM raised pledges of Rs 1,300 crore in its funds from global and domestic investors interested in investing in this space. These funds target returns of between 8% and 16% with low return volatility, providing midsize and emerging companies with tailor-made financing, he said.
Soumendra Ghosh, Chief Investment Officer of VAM and founding member of the Vivriti Group, said: “We are delighted to partner with EQ to achieve goals that both companies are passionate about. Shallow Indian debt markets present a huge opportunity for asset managers able to bridge the gap between perceived risk and actual risk.
“Armed with the group’s strong technology and risk management backbone, we at VAM have been able to consistently create portfolios with above-market risk-adjusted returns, while investing in socially responsible companies. . “