Brescon & Allied Partners LLP (Brescon) has initiated early talks with domestic and global investors to raise around $250-300 million (around Rs 1,875-2,250 crore) as part of an Alternative Investment Fund (AIF).

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“We aim to do deals worth Rs 2,500 – 3,000 crore, targeting around 4-6 transactions in the current calendar year,” stated Nirmal Gangwal, managing partner of Brescon.

The firm is also in discussions to close a deal for investing $150 million, which could be through the AIF, or the recent strategic partnership with Singapore-based Broad Peak Advisors (Broad Peak), which closed in November.

” The fund, largely a category II AIF that will explore deals of around Rs 500 crore (approximately $67 million) each, could be a mix of providing financing to either special situations in distressed or growth companies, structured credit, recapitalisation funding or a mix of all of it,” stated Vishal Prakash, partner and head of Structured Credit & Recapitalisation Funding at Brescon.