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Media Release
18 May 2026
RMB delivers multi-entity financing solution for Avataar Venture Partners in India
RMB has executed a bespoke leveraged finance structure for Avataar Venture Partners (Avataar), providing liquidity to support continued investment across its portfolio. The solution combines a GP facility with a Net Asset Value (NAV)-based financing arrangement of USD 32 million.
The transaction reflects the continued expansion of RMB’s structured leveraged finance offering for private equity sponsors in the region. It also reflects a shift in private capital markets towards more flexible liquidity solutions that enable sponsors to continue investing while retaining exposure to portfolio upside.
Avataar is a growth stage private equity with a technology-focused portfolio spanning multiple geographies. As its platform has evolved, access to flexible capital has become increasingly important to support follow-on investments across its companies.
“We required a financing solution that could be tailored to our fund structure and delivered with speed and certainty. RMB’s ability to navigate a complex, multi-jurisdictional framework and translate our requirements into a practical solution was key to achieving this outcome,” says Mohan Kumar Founding Managing Partner at Avataar Venture Partners.
The financing was designed to align with Avataar’s fund architecture, combining funding at both manager and fund levels within a single coordinated framework. This required careful coordination of cash flows, security and regulatory considerations across India, Mauritius, Singapore and the United States
Executing this approach required a high degree of precision, given the complexity of the multi-entity, cross-border framework and the need to coordinate multiple layers of the capital structure. RMB drew on its experience in similar GP and NAV-linked financings in other markets, applying that expertise within the Indian private equity context.
“We are pleased to support Avataar on this transaction, which highlights RMB’s growing leverage finance platform in India. The deal demonstrates our ability to combine global structuring expertise with local market insight to deliver differentiated solutions for our clients ” says Farisani Ramabulana, Senior Transactor at RMB Leveraged Finance
RMB’s ability to provide a bespoke, multi-entity financing solution of this nature reflects a level of structuring capability that only a limited number of lenders can offer, particularly within emerging private markets.
There is an increasing demand from financial sponsors for more flexible liquidity solutions that can support investment across their portfolios and also at the fund level. Successfully delivering a tailored solution in this context highlights our focus on building structured credit capabilities in India and supporting clients as their funding needs evolve,” says Siby Jose, Senior Transactor at RMB Leveraged Finance, India
RMB has executed two transactions for Avataar within a three-month period, strengthening the relationship and reinforcing its role as a trusted partner across its funding requirements.
The deal also highlights the continued evolution of the fund finance ecosystem in India, where demand for alternative liquidity solutions continues to grow as growth and private equity platforms scale and become more complex.
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