SBI Alternative Debt Fund
SBI Alternative Debt Fund is SBI Funds Management’s Category II special-situations credit vehicle. Public company filings identify Kamat Hotels as a fund-held equity or warrant position, and a K Law transaction record identifies a secured NCD subscription for Vimal Plast; the Archean issuer is not named publicly and is therefore excluded from the portfolio list.
At a glance
- Founded
- 2018
- Footprint
- Mumbai
- Stage
- Special situations private credit; secured and equity-linked financing
Research profile
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Investment lens
SBI Alternative Debt Fund uses a special situations private credit; secured and equity-linked financing approach across Hospitality, manufacturing, industrials.
Current evidence
SBI Funds’ 2026 disclosure continues to describe SBIFM Special Situations Fund–1 as a Category II credit-oriented AIF, while the LEI record reflects the current legal name SBI Alternative Debt Fund. Kamat Hotels’ 2025 board report confirms the fund’s 2024 allotment and public shareholding, and K Law identifies a separate Vimal Plast secured-NCD transaction.
Strategy
Special situations private credit; secured and equity-linked financing
Sector focus
Hospitality, manufacturing, industrials
Current signal
SBI Funds’ 2026 disclosure continues to describe SBIFM Special Situations Fund–1 as a Category II credit-oriented AIF, while the LEI record reflects the current legal name SBI Alternative Debt Fund. Kamat Hotels’ 2025 board report confirms the fund’s 2024 allotment and public shareholding, and K Law identifies a separate Vimal Plast secured-NCD transaction.
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