Vivriti Asset Management Secures Funding for VIRAF

Vivriti Asset Management is making strides in credit investment strategies with the recent acquisition of an additional $20 million in senior debt commitments for its Vivriti India Retail Assets Fund (VIRAF) from the Development Bank of Austria (OeEB).

This latest commitment from OeEB increases total funding for VIRAF to $165 million, bringing it closer to its goal of $250 million.

About VIRAF

Launched in March 2023, VIRAF holds the distinction of being India’s first asset-backed securitization (ABS) fund. The fund’s primary objective is to enhance financing options for small loans directed at micro and small enterprises, with a specific focus on women-led initiatives. The platform is dedicated to investing in asset-backed securities that originate from granular retail and MSME loans, thereby bolstering non-banking financial companies (NBFCs) and other financial institutions that cater to underserved segments.

Growth and Impact

By March 2025, VIRAF has reported substantial growth in its assets under management (AUM), reaching approximately $140 million. Since its inception, the fund has successfully disbursed $200 million through 25 NBFCs, positively impacting over 350,000 individuals and 100,000 MSMEs, with more than 75% of these beneficiaries being women. Looking ahead, Vivriti Asset Management plans to invest over $1 billion in retail ABS within the next decade.

Support from OeEB

The Development Bank of Austria (OeEB) plays a critical role in fostering impact investments in developing nations. The organisation provides financing for private sector projects that promote sustainable economic growth, particularly in areas such as green finance, SME development, and enhancing financial inclusion.