InCred Alternatives closes Rs 1500 crore special situations fund and crosses Rs 4000 crore AUM

75 percent deployed already as private credit surge draws investors

InCred Alternatives has closed its inaugural special situations credit fund at Rs 1,500 crore, drawing a diverse investor base. The close lifts its private credit assets under management to over Rs 4,000 crore, with the fund already 75% deployed. It plans to back established companies in sectors such as auto and power, aiming to ride India’s expanding private credit market.