New Delhi, Apr 30 (PTI) Aikyam Capital Management LLP, an alternative investment firm, on Wednesday announced the first close of its maiden Aikyam Capital Stressed Assets Fund I with investor commitments totalling Rs 105 crore.

The fund, a Category I Special Situation Fund (SSF), has a target corpus of Rs 300 crore, with a green shoe option of an additional Rs 200 crore, enabling a potential total fund size of Rs 500 crore.

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"It will focus on investments in stressed and distressed opportunities across sectors, targeting fundamentally viable businesses that require financial and operational support for turnaround," the firm said in a statement.

"This first close represents a major milestone for our platform as we continue to scale our presence in the stressed asset space," Stressed Assets Management CEO M Venkatasubramaniam said.

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A robust pipeline of potential investments is already under evaluation, Aikyam Capitals said.

Aikyam Capital Management LLP is a specialised alternative investment firm focused on India's stressed assets landscape.

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