Cosmos Group Forays Into AIF Landscape

Mayanksinghvi09 Apr, 2024Business

Cosmos Group, a diversified business combination, launched its maiden Alternative Investment Fund (AIF) on Tuesday. The fund aims to raise Rs 500 crore, with an extra green shoe option of Rs 250 crore. With the fund dispatch, the group aims to support the SME (small and medium enterprises) sector. Driven by the association of Cosmos Group and Mayank Singhvi as its CEO, the fund will organise investments within the SME sector, aligning with the group's vision to foster growth and innovation in this crucial section of the economy, the company said in a statement. In addition to expanding its centre on the SME division, Cosmos Group also plans to launch a Category 2 Obligation Finance, further expanding its impression within the money related administrations space.