The fund will target special situation opportunities across India's entire credit spectrum, participation in IBC-led resolutions, one-time settlements, and strategic exits to operating companies.
FinTech BizNews Service
Mumbai, 10 August, 2026: Areion Assets Management Private Limited (AAMPL), the investment management arm of the Areion Group, today announced the successful first close of Areion Growth Fund - GIFT City, its Category III Alternative Investment Fund (AIF) under the IFSCA (International Financial Services Centres Authority) Regulations, 2025. Backed by strong interest from ultra-high net worth individuals and family offices globally, the fund received commitments worth USD 30 million of the targeted corpus of USD 60 million (USD 20 million with Green shoe option of USD 40 million).
Ajay Mehta, CEO, Areion Assets Management
Launched in the end of June 2026, Areion Growth Fund - GIFT City has a five-year tenure, with an option to extend it by up to two years. The fund is expected to achieve its final closure by Q3 2026-27.
The fund will target various securities in India, including special situation opportunities across India's entire credit spectrum, participation in Insolvency and Bankruptcy Code (IBC)-led resolutions, one-time settlements, and strategic exits to operating companies.
Commenting on the successful first close, Mr. Suresh Khatanhar, Group CEO, Areion Group, said “The successful first close marks an important milestone for us and reflects the growing investor confidence in India's evolving special situations market. Areion Gift City Fund represents an important step in our long-term growth journey. As institutional participation continues to deepen, we remain focused on identifying high-quality opportunities and delivering sustainable value through a disciplined investment approach”.
Mr. Ajay Mehta, CEO, Areion Assets Management, added “GIFT city offers a compelling platform for global investment management, and establishment of this fund reinforces our commitment to participating in India’s evolving financial ecosystem. Achieving the first close within a month of its launch has cemented Areion Group’s position as a leading player in India’s special situation and stressed-asset investment landscape.”
Areion entered the AIF space in 2019 and has since built a strong multi-fund platform consisting of Category I funds and Category II funds. Since inception, Areion has deployed approximately INR 30 billion in special situation assets.
