Avendus (Structured Credit)
Avendus runs India-focused structured-credit strategies that provide secured debt, mezzanine and flexible capital to mid-market businesses and promoter-led situations. The platform combines a current Fund III fundraising program with a publicly documented Fund II portfolio and named credit leadership.
At a glance
- Founded
- 2017
- Footprint
- Mumbai
- Stage
- Structured/performing credit
Research profile
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Investment lens
Avendus (Structured Credit) uses a structured/performing credit approach across Structured credit, performing credit, special situations.
Current evidence
Avendus Structured Credit Fund III crossed ₹2,200 crore of commitments in 2026 after a first close above ₹1,000 crore in 2025. The manager's March 2023 Fund II update names Avini Advisors (holdco for Klay), Vijayalakshmi Investments & Holdings (Metrochem) and Innerframe Services, while independent company reporting documents Avendus Structured Credit Fund's structured debt investment in Ad2Pro.
Strategy
Structured/performing credit
Sector focus
Structured credit, performing credit, special situations
Current signal
Avendus Structured Credit Fund III crossed ₹2,200 crore of commitments in 2026 after a first close above ₹1,000 crore in 2025. The manager's March 2023 Fund II update names Avini Advisors (holdco for Klay), Vijayalakshmi Investments & Holdings (Metrochem) and Innerframe Services, while independent company reporting documents Avendus Structured Credit Fund's structured debt investment in Ad2Pro.
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