Tavasya SSF, a Category 1 Special Situations Fund, has successfully closed its second scheme, “Tavasya Mudrikaran Scheme II,” with a total fund size of Rs. 200 Crores, launched on January 1, 2025. Founded by Shivani Singla and Navneet Garg, the fund focuses on co-investing with leading Asset Reconstruction Companies to acquire debts of distressed firms. This approach combines the stability of asset reconstruction with the flexibility of Alternative Investment Funds, attracting commitments from domestic family offices and high-net-worth individuals. The founders highlight growing investor interest, reflecting confidence in distressed asset transactions in India.