Brescon & Allied Partners LLP (Brescon) has initiated early talks with domestic and global investors to raise around $250-300 million (around Rs 1,875-2,250 crore) as part of an Alternative Investment Fund (AIF).

• Stocks Under F&O Ban: Hindustan Copper, RBL Bank, and Others 
• Govt plans new route connecting Noida airport to NH-34
• India Ranks Third in Global Fintech Funding, Despite 33% Drop in 2024
• India’s Retail Inflation Drops to 5.22% in December, Food Inflation at 8.39%
• Donald Trump Inauguration: Xi Jinping Invited, S Jaishankar to Represent India

“We aim to do deals worth Rs 2,500 – 3,000 crore, targeting around 4-6 transactions in the current calendar year,” stated Nirmal Gangwal, managing partner of Brescon.

The firm is also in discussions to close a deal for investing $150 million, which could be through the AIF, or the recent strategic partnership with Singapore-based Broad Peak Advisors (Broad Peak), which closed in November.

” The fund, largely a category II AIF that will explore deals of around Rs 500 crore (approximately $67 million) each, could be a mix of providing financing to either special situations in distressed or growth companies, structured credit, recapitalisation funding or a mix of all of it,” stated Vishal Prakash, partner and head of Structured Credit & Recapitalisation Funding at Brescon.