Artha Global Opportunities Fund nets 6X return from investments in distressed assets

Artha Global Opportunities Fund, the first Foreign Portfolio Investor (FPI) focused on distressed assets and special situations to shift its domicile from Mauritius to GIFT City, Gandhinagar, has exited its investment in securities receipts of non-performing assets (NPAs) in India, generating a return of over six times its original $112 million investment.

“After repaying the loans we had taken to enhance the internal rate of return (IRR) for our investors, we have now netted a sum of $600 million, delivering over six times return for our investors in the Artha Global Opportunities Fund within just two years since launch,” said Sachin Sawrikar, Managing Partner, Artha Bharat Investment Managers IFSC LLP.

The Artha Global Opportunities Fund is a $132.5 million (₹1,100 crore) closed-ended fund with a seven-year tenure, classified as a Category III Alternative Investment Fund (AIF) under IFSCA regulations. It focuses on acquiring non-performing loans (NPLs) backed by operational assets through high-value private market transactions. “We are currently evaluating three new distressed investment opportunities to redeploy the realized capital and enhance returns for our investors over the balance life of the fund,” Sawrikar added.

This landmark exit—delivering returns rivaling those typically seen in private equity and venture capital—highlights the growing effectiveness of India’s distressed assets resolution framework under the Insolvency and Bankruptcy Code (IBC). “While there has been some criticism of the time taken by the IBC process to realize dues for lenders, our exit shows that smart asset selection can enable investors to achieve highly attractive IRRs,” Sawrikar noted.

Founded by seasoned private equity professional and former SBI Mutual Fund equity manager Sachin Sawrikar, Artha Bharat relocated its base in alignment with Prime Minister Narendra Modi’s vision of transforming GIFT City into a world-class international financial services hub.

Artha Bharat Investment Managers IFSC LLP is registered with the International Financial Services Centres Authority (IFSCA), GIFT City, as a Fund Management Entity. It manages the Artha Global Opportunities Fund, which is registered as a Category III Alternative Investment Fund under IFSCA regulations. The firm is promoted by XLRI alumnus and CFA charterholder Sawrikar, who brings over 29 years of global fund management experience.

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