Areion Assets Management launches $60 million AIF to tap India's special situations market

Areion Assets Management has launched a $60 million AIF called the Areion Growth Fund at GIFT City, targeting India's special situations, structured credit and distressed asset opportunities. The fund has a five-year tenure extendable by two years and will invest across sectors including infrastructure, manufacturing, hospitality, financial services and real estate-linked assets. The firm has deployed approximately Rs 3,000 crore in special situation assets since inception.