Motilal Oswal Alternates Achieves First Close of Maiden Private Credit Fund at INR 1,700 Crore

Motilal Oswal Alternates, a leading full-spectrum alternatives platform, has announced the first close of its maiden private credit fund, India Credit Excellence Fund, at INR 1,700 crore. The Fund, launched in January 2026, targets a total corpus of INR 3,000 crore including a green shoe option of INR 1,500 Crore. The final close is envisaged in the near term and the Fund has a strong pipeline of investment opportunities. This milestone marks a significant step in Motilal Oswal Alternates’ evolution towards becoming a multi-asset alternatives platform, coinciding with its 20-year journey in the alternatives space.