The Solution
VESDF is designed to bridge the financing gap for India’s mid-market climate sector by channeling capital into renewables, e-mobility, climate tech, and financial services. These are high-growth sectors critical to India’s low-carbon transition but underserved by mainstream capital markets.

Fund Structure & Mobilization

Target Size: USD 150 Mn
- Senior Debt: USD 112 Mn (already secured with in-principle approvals).
- LP Capital + Sponsor (VAM): USD 38 Mn, currently being raised from developmental and commercial LPs.
LP Sleeve Returns: Targeting 12%+ in USD (post-tax, hedged, net of expenses) subject to key variables such as hedge cost, leverage cost, and investment performance.
Launch Timeline: By end of the year, contingent on LP mobilization.
Capital Recycling: Full corpus will be reinvested at least once during the fund’s tenor, generating a multiplier effect and crowding in additional co-investments from market participants.

Impact & Differentiation

Detailed impact KPIs defined across each sector and sub-sector to track measurable climate and social outcomes
Strong pipeline of investments already identified, ensuring rapid deployment post-launch.
Optional first-loss concessional capital structure under consideration to enhance risk comfort for commercial lenders and catalyze participation.

Vivriti’s Track Record

Over USD 225+ Mn invested in climate-aligned sectors to date.
Proven ability to mobilize global climate capital:
- Climate bonds from Asian Development Bank.
- GuarantCo-backed debt in EV and infrastructure.
- Credit lines from IREDA (India’s renewable financing institution).
Strong impact reporting framework, with past investments documented through measurable case studies.

Why VESDF?
By combining secured senior debt, catalytic LP capital, and measurable impact, VESDF provides a scalable solution to finance India’s energy transition. It creates a unique opportunity for investors to participate in climate-positive growth while achieving risk-adjusted commercial returns in USD.

Vivriti Energy Solutions Debt Fund (VESDF)

Vivriti Energy Solutions Debt Fund (VESDF)