Mumbai, Maharashtra, India, February 2026 — Capri Group, sponsor of alternative investment funds including Capri Stressed Assets Fund (“CSAF”) and Capri Special Situations Fund 1 (“CSSF1”), today announced that Mr. Sanjay Jain will be joining the Investment Manager to the Funds as Managing Partner, subject to requisite approvals from investors and the Securities and Exchange Board of India (“SEBI”).
Mr. Sanjay Jain will oversee the management and investment strategy of Capri Stressed Assets Fund and Capri Special Situations Fund 1. Capri Group is seeking regulatory approvals, to enable Mr Jain acquire 35% ownership in the Investment Manager & Sponsor of CSAF and CSSF1, reinforcing long-term alignment across the platform. Pending investors’ and SEBI’s approvals for reorganising the Investment Manager, Mr. Jain is currently serving as Managing Director & Chief Investment Officer.
Mr. Jain brings over three decades of experience across stressed assets, capital markets, investment banking, and corporate and project lease finance. Most recently, he served as CEO of Aditya Birla ARC Ltd. (2018–2025), where he led stressed asset investments of ~₹6,000 crore and oversaw resolutions delivering IRRs exceeding 40% and investment income of over ₹10,500 crores. His appointment is expected to significantly enhance the investment leadership, governance framework, and execution capabilities of Capri’s sponsored funds.
Commenting on the appointment, Mr. Rajesh Sharma, Founder, Capri Global, said:
“We are delighted to welcome Sanjay Jain as Managing Partner. His deep domain expertise in stressed assets, strong track record of value creation, and hands-on leadership across complex resolutions align perfectly with our long-term vision for the platform. Sanjay will lead the management of our sponsored funds, and his meaningful capital contribution and profit participation reflect strong alignment with investor interests while reinforcing our focus on disciplined, outcome-driven investing.”
Capri Stressed Assets Fund (CSAF), a SEBI-registered Category II AIF sponsored by Capri Group, focuses on investing in Indian mid-market stressed companies with strong underlying businesses, leveraging structured capital solutions and active turnaround strategies. The Fund has a target corpus of ₹1,000 crore with an additional ₹500 crore green-shoe option. It has received commitments of ₹675 crore to date and is expected to complete its final close on 8 May 2026. The Sponsor, affiliates, and partners have committed ₹450 crore, including a ₹50 crore commitment by Mr. Sanjay Jain, underscoring strong alignment with investors.
Capri Special Situations Fund 1 (CSSF1) complements Capri Group’s investment platform by targeting special situations opportunities across sectors, with a focus on value creation through structured investments, operational improvements, and strategic capital deployment.
This development reflects Capri Group’s continued commitment to strengthening the management and performance of its sponsored funds through enhanced investment leadership and disciplined execution. Upon receipt of requisite approvals, Mr. Sanjay Jain will play a central role in steering investment and resolution strategies across the Capri-sponsored funds amid a structurally improving yet opportunity-rich stressed assets landscape in India.
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