InCred Alternative Investments Secures Rs 600 Crore for Inaugural Special Opportunities Fund-I
- ByStartupStory | April 4, 2025
In a major development in the Indian private credit market, InCred Alternative Investments, the alternative investment arm of InCred Capital Financial Services, has successfully raised over Rs 600 crore in its maiden special situations credit fund, InCred Special Opportunities Fund-I (ISOF-I). This significant fundraise reflects growing interest from both domestic and offshore Limited Partners (LPs) and highlights the evolving appetite for India’s private credit landscape.
ISOF-I, a Category II Alternative Investment Fund (AIF), has a base size of Rs 1,000 crore, with an additional green shoe option of Rs 500 crore. The fund is structured to provide superior risk-adjusted returns through a market-agnostic strategy, offering regular distributions and targeting significant alpha generation.
This foray into the special opportunities space follows the successful performance of InCred’s performing credit strategy, under which the firm manages two funds with a strong track record of consistent income distribution.
Designed with a flexible investment strategy, ISOF-I targets returns significantly higher than traditional performing credit mandates. The fund focuses on old economy sectors, emphasizing strong collateral coverage to ensure a downside-protected and diversified portfolio. It is managed by a team of seasoned investment professionals with extensive experience in credit and special situations investing.
Saurabh Jhalaria, Chief Investment Officer – Private Credit at InCred Alternative Investments, commented, “By leveraging InCred Group’s origination strengths and a seasoned underwriting team, we aim to generate 21-23 per cent 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.”
The ISOF-I fund is expected to continue drawing investor interest and mobilizing additional capital throughout the year, reinforcing InCred’s position as a trusted manager in the private credit space.
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