Mumbai, 25 June 2026: Areion Assets Management Private Limited (AAMPL), the investment management arm of Areion Group, announced the launch of the Areion Growth Fund – Gift City. The Fund is a Category III Alternative Investment Fund (AIF) under the IFSCA (International Financial Services Centres Authority) Regulations, 2025.
Areion Growth Fund – GIFT City aims to provide sophisticated investors with access to India’s special situations, structured credit and distressed asset opportunities through a tax-efficient, internationally recognised investment platform. The target corpus of the Fund is USD $60 million (around INR 570 crore as per the current USD/INR rate) which will have a five-year tenure, with an option to extend by up to two years.
GIFT City offers a globally competitive ecosystem that supports cross-border investment and capital participation.
The Areion’s investment mandate encompasses securities in India including special situations across India’s entire credit spectrum, including participation in Insolvency and Bankruptcy Code (IBC)-led resolutions, one-time settlements, and strategic exits to operating companies. It evaluates opportunities across sectors, including infrastructure, manufacturing, hospitality, financial services and real estate-linked assets.
The investment strategy will focus on recovery-led value creation through active resolution management, operational turnaround support, negotiated settlements, and strategic asset monetisation.
Commenting on the launch, Mr. Manish Lalwani, Founder, Areion Group, said:
“The launch of the Areion Growth Fund – GIFT City comes at a pivotal moment, as India’s special situation market is transitioning into a more institutionalised and structured investment opportunity. While participation in special situations strategies has historically been limited to institutional investors and high-net-worth individuals, we believe the next phase of growth will see broader participation, supported by an increasingly conducive regulatory environment. Areion Group is well-positioned to capitalise on this evolving investment landscape.”
AAMPL entered the AIF space in 2019 and has since built a strong multi-fund platform consisting of Category I funds and Category II funds. Since inception, AAMPL has deployed approximately INR 3000 crore in special situation assets.
About Areion Group
Founded in 2013 by Mr. Manish Lalwani, Areion Group is a financial advisory and investment platform focused on corporate finance, special situations and strategic investments. The firm advises financial sponsors and mid-cap companies in areas such as mergers & acquisitions, distressed and stressed debt resolutions, recapitalizations, equity infusions, and external commercial borrowings. Backed by a highly experienced leadership team, Areion Group has successfully managed resolving stressed loans across sectors including textiles, metals, pharmaceuticals, auto components, specialty chemicals, real estate, and education.
