Leading with

Absolute Value.

Absolute Value., Performance., Experience., Extensive Research., Capital Protection., Favourable Returns., Bespoke Solutions.

Modulus Alternatives is an established private credit platform that focuses on performing credit opportunities. We seek to provide attractive, risk-adjusted returns to our investors and custom-made solutions to our portfolio companies.

Rakshat Kapoor

Chief Investment Officer

“Private credit is increasingly playing a crucial role in providing both growth and replacement capital to performing, established companies in India. We believe our credit investing framework along with decades of experience in private credit provide us an edge to deliver value to our investors and portfolio companies.“

Striving towards absolute value, since inception.

Founded in 2018, Modulus Alternatives has established a successful track record of investing in private credit opportunities. With an emphasis on capital protection and dynamic fund management that include active portfolio monitoring, the firm aims to continue delivering absolute value to its investors.

Invested Capital - across AIF & Other Investors

₹ 2380 cr

Figures as on April 30, 2024

Exits

Investments

Exits

Investments

Delinquencies

Figures as on September 30, 2023

Leading with Corporate Governance

Vinod Rai

Chairman of the Board
Modulus Alternatives Investment Managers Limited

We have Mr. Vinod Rai, Former CAG of India and Ex-Secretary Financial Services, MoF, as the Chairman of the Board of Directors. His long and rich experience of working in various capacities at Central and State Government is guiding the firm on diverse strategic and governance framework. His appointment has further augmented the strategic framework including unbiased oversight, diverse perspectives, enhanced corporate governance, thereby strengthening investor confidence.

Our Private Credit Funds:

Fund 1
Centrum Credit Opportunities Fund (CCOF)

We launched our first private credit fund, Centrum Credit Opportunities Fund, in 2019 and have successfully completed 5 years of the investment period with 15 investments across sectors. CCOF is tracking mid-teen returns since inception with consistent quarterly distribution to investors.

Figures as on April 30, 2024

^#₹750 cr + ₹500 cr green shoe option
*From final close

Fund 2
India Credit Opportunities Fund II (ICOF II)

We are in the midst of raising commitments for our second private credit fund, ICOF II. A CAT II AIF, the fund will invest in performing credit opportunities and aims to capitalize on the immense potential of the private credit market in India.

Investment Themes