Tavasya Closes its Second Stressed Asset Fund in 6 Months

Tavasya
SSF,
a
Category
1
Special
Situations
Fund,
announces
the
successful
initial
close
of
its
second
scheme
“Tavasya
Mudrikaran
Scheme
II”
–
a
scheme
with
a
fund
size
of
Rs.
200
Crores
which
was
launched
on
01^st
January
2025.
 

Mr.
Navneet
Garg,
Founding
Partner,
Tavasya
Capital
Managers
LLP
(Investment
Manager)

Tavasya
SSF
is
a
Category
I
Alternative
Investment
Fund
(Special
Situation
Fund)
established
in
the
last
quarter
of
2023.
The
fund
was
set
upped
by
Ms.
Shivani
Singla
and
Mr.
Navneet
Garg
who
bring
in
a
blend
of
experience
spanning
the
international
markets
and
the
distressed
assets
space
in
India.

The
initial
close
of
the
second
scheme
comes
within
six
months
of
the
successful
close
of
the
first
scheme
of
Tavasya
SSF
with
a
fund
size
of
Rs.
400
Crores.

Tavasya
Mudrikaran
Scheme
II
intends
to
co-invest
with
leading
Asset
Reconstruction
Companies
of
the
country
to
acquire
debts
of
distressed
companies.

This
model
of
investment
blends
the
stability
of
Asset
Reconstruction
Companies
with
the
flexibilities
offered
by
Alternate
Investment
Funds
platforms.

This
investment
strategy
has
found
favour
with
evolved
investors
which
is
evidenced
from
the
fact
that
despite
the
SSF
category
being
a
new
investment
theme,
the
Tavasya
Mudrikaran
Scheme
II,
was
met
with
investor
commitments
from
leading
domestic
family
offices
and
HNIs.

Statements
from
the
Founders

“This
growing
interest
from
sophisticated
domestic
investors
reflects
the
market
perception
of
higher
certainty
in
outcomes
in
distressed
assets
transactions
in
India
and
bodes
well
for
this
sector,” Shivani
Singla
–
Founding
Partner,
Tavasya
Capital
Managers
LLP
(Investment
Manager).

“We
believe
that
with
blend
of
a
deep
understanding
of
the
distressed
asset
space
in
India
and
proprietary
access
to
distressed
opportunities,
Tavasya
SSF
is
uniquely
positioned
to
identify
and
deploy
in
opportunities
at
levels
lower
than
their
intrinsic
values
and
deliver
superior
portfolio
returns
to
our
investors,” Navneet
Garg
–

Founding
Partner,
Tavasya
Capital
Managers
LLP
(Investment
Manager).