Tavasya SSF, a Category 1 Special Situations Fund, has announced the initial close of its second scheme, “Tavasya Mudrikaran Scheme II,” with a fund size of Rs. 200 Crores, launched on January 1, 2025. Established by Shivani Singla and Navneet Garg in late 2023, the fund focuses on acquiring distressed company debts in collaboration with Asset Reconstruction Companies. The scheme received significant interest from domestic family offices and high-net-worth individuals, reflecting investor confidence in the distressed assets market in India. The founders emphasized their unique positioning to identify undervalued opportunities for superior returns.