InCred Alternative Investments, part of InCred Capital Financial Services, announced securing commitments of over ₹600 crores in its maiden special situations credit fund, InCred Special Opportunities Fund-I.
The commitments were raised from a clutch of domestic and offshore LPs, showcasing the keen interest that the Indian private credit market is generating for funds and managers with a demonstrated track record. ISOF-I is expected to continue attracting investor interest and mobilising further commitments to the fund during the year.
InCred Special Opportunities Fund, a Category II Alternative Investment Fund, has a base size of ₹1,000 crores and is designed to deliver its investors a superior risk-adjusted return in a market-agnostic strategy, with regular distributions generating significant alpha.
With a flexible investment strategy and expecting returns much higher than performing credit mandates, the fund focuses on old economy sectors with a strong collateral cover ensuring a downside-protected and well-diversified portfolio.
Saurabh Jhalaria, Chief Investment Officer – Private Credit, at InCred Alternative Investments, said, “We are thrilled to announce securing commitments over ₹600 crore in InCred Special Opportunities Fund reinforcing our commitment to delivering innovative private credit solutions. By leveraging InCred Group’s origination strengths and a seasoned underwriting team, we aim to generate 21-23% returns. ISOF-I is well-positioned to capitalise on evolving market opportunities, such as dislocated secondary opportunities, cash flow mismatch situations in the economic cycle and flexible debt solutions, while delivering sustained value for our investors.”
