Investment1 Sept 2025, 11:22 am
Modulus Alternatives Announces INR 700+ crore Final Close of ICOF II
AI Summary
Modulus Alternatives, an alternative asset manager and subsidiary of Centrum Capital Ltd, announced the Final Close of India Credit Opportunities Fund II (ICOF II) with commitments exceeding INR 700 crore. The Fund, which focuses on investing in performing private credit opportunities across India, has invested in 11 companies, deploying over INR 1,156 crore. ICOF II has also distributed consistent quarterly income, generating an annualised cash income distribution rate of 10.00%. Modulus Alternatives has deployed INR 2,946 crore across 26 transactions and has returned over INR 1,690 crore to investors. The Firm’s Board is chaired by Mr. Vinod Rai, former Finance Secretary and Comptroller & Auditor General of India.
Key Highlights
- Modulus Alternatives announces the Final Close of India Credit Opportunities Fund II (ICOF II) with commitments exceeding INR 700 crore.
- ICOF II has invested in 11 companies, deploying over INR 1,156 crore across sectors such as pharmaceuticals, energy, financial services, auto ancillary and healthcare.
- ICOF II has distributed consistent quarterly income, generating an annualised cash income distribution rate of 10.00%.
- Modulus Alternatives has deployed INR 2,946 crore across 26 transactions and has returned over INR 1,690 crore to investors.
- The Firm’s Board is chaired by Mr. Vinod Rai, former Finance Secretary and Comptroller & Auditor General of India.