Resurgent India launches Special Situation AIF Fund, targets Rs 500 crore

Resurgent India, a Sebi-registered Category I merchant banker and investment bank, has launched a Rs 500 crore Category I Alternative Investment Fund (AIF).

The company has completed the first close of Rs 100 crore, which has already been deployed in a stressed asset earlier this year. It aims to raise the remaining Rs 400 crore by the end of the current financial year. The fund will focus on acquiring and reviving stressed assets across India, aiming to generate value for investors over the medium to long term.

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The fund’s objective is to identify and invest in special situations and distressed assets that hold strong potential for revival. Registered under Sebi’s Category I framework, the Special Situation Fund will invest across sectors, including manufacturing, EPC, power, hospitality, healthcare, and real estate.

The fund follows a sector-agnostic approach, targeting assets with high revival prospects and scalable resale potential. Geographically, the focus will remain pan-India, concentrating on regions with a high presence of industrial activity and stressed assets.

“The alternative investment sector in India is evolving rapidly, with investors showing increased interest in special situations and stressed asset opportunities. We believe this is the right time to build structured, professionally managed funds focused on value creation through asset revival. With our Rs 500 crore Special Situation Fund, we aim to systematically acquire, revive, and scale assets that hold real potential but face temporary financial or operational distress. Our approach is strategic and patient, with a focus on generating stable, risk-adjusted returns for investors,” said Jyoti Prakash Gadia, Managing Director at Resurgent India.

“We are seeing strong demand from both institutional and private investors who are looking for structured solutions in the distressed asset space. Our fund is designed to bridge that gap by bringing professional management, sector-neutral investment strategies, and disciplined execution. This launch reflects our confidence in India’s evolving economic landscape and our commitment to contributing to the revival of stressed industries through targeted interventions,” added the company's director, Sudhir Chandi.

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Resurgent India is a leading financial advisory and investment firm focused on providing solutions across debt syndication, M&A advisory, and structured investments.