InCred Alternative Private Investments, the alternatives asset platform of InCred Capital, has closed its maiden special opportunities credit fund, InCred Special Opportunities Fund-I, at its hard cap of Rs 1,500 crore.
With this raise, InCred Alternatives has mobilised over Rs 4,000 crore across its performing credit and special situations strategies.
The Category II close-ended Alternative Investment Fund saw participation from domestic family offices, ultra-high-net-worth individuals, and international investors.
The fund will focus on old economy businesses with hard asset backing, established cash flows, and structural downside protection at the time of investment. Around 75% of the corpus has already been deployed across sectors such as auto, power, oil and gas, and hospitality.
Launched in 2022, InCred Alternatives’ private credit platform reports a track record across origination, underwriting, active portfolio management, and income distribution.
InCred Alternative Investments, part of InCred Capital, focuses on offering a range of alternative investment strategies to help investors diversify portfolios across private market opportunities.