Godrej Industries Group (GIG) on Tuesday announced an entry into the private credit space, targeting to raise up to Rs 2,000 crore in maiden alternate investment fund (AIF).

In an announcement that comes days after Pirojsha Godrej from the next generation of the business family took over mantle as the chairperson of the grouping, GIG said the Godrej Asset Management Company (AMC) will be raising the money in the category-II AIF.