Areion Assets Management Private Limited (AAMPL) has launched the Areion Growth Fund, GIFT City, a Category III Alternative Investment Fund (AIF) under the International Financial Services Centres Authority (IFSCA) Regulations, 2025. According to reports from The Economic Times, the fund targets a $60 million (around ₹570 crore) corpus and will operate from the GIFT City platform, offering tax-efficient and internationally recognised investment ecosystem for cross-border capital. The fund has a tenure of five years with an option to extend by up to two years. As of late 2025, Areion completed the first close of a new ₹500 crore fund, attracting interest from ultra-high-net-worth individuals and family offices.
The fund's investment mandate covers special situations across India's credit spectrum, including assets undergoing resolution under the Insolvency and Bankruptcy Code (IBC), one-time settlements and strategic exits to operating companies. As reported by The Economic Times, the fund will evaluate opportunities across sectors such as infrastructure, manufacturing, hospitality, financial services and real estate-linked assets. The investment strategy focuses on recovery-led value creation through active resolution management, operational turnaround support, negotiated settlements and strategic asset monetisation. Areion's approach is sector-agnostic and includes providing last-mile funding and addressing working capital mismatches, investing in a variety of securities including debt and equity, real estate assets, and Security Receipts (SRs) issued by Asset Reconstruction Companies (ARCs).
According to the company, the fund aims to provide sophisticated investors access to India's growing special situations, structured credit and distressed asset opportunities through the GIFT City platform. Manish Lalwani, Founder of Areion Group, stated that the Indian special situations market is entering a more institutionalised phase, creating significant opportunities for investors. He noted that while participation in special situations strategies has historically been limited to institutional investors and high-net-worth individuals, the next phase of growth will see broader participation supported by an increasingly conducive regulatory environment. Lalwani, a Chartered Accountant with a Master's in Commerce, has extensive background in managing Non-Performing Assets (NPAs), corporate restructuring, and handling transactions across sectors like manufacturing, healthcare, and real estate.
AAMPL entered the alternative investment fund space in 2019 and has since built a multi-fund platform comprising Category I and Category II AIFs. As reported by The Economic Times, since inception, the firm has deployed approximately ₹3,000 crore in special situation assets and has plans for significant further investment. The firm serves a client base that includes corporations, banks, Non-Banking Financial Companies (NBFCs), and ARCs, offering end-to-end services in stressed loan management and turnaround specialization. Areion Group, founded in 2013, is a financial advisory and investment platform focused on corporate finance, special situations and strategic investments, with the firm serving as the investment management arm of the Areion Group.
