Leading with
Absolute Value.

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
2306  cr

Figures as on January 31, 2024

Exits
10
Investments
20
Exits
11
Investments
16
Delinquencies
0

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 4.5 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 January 31, 2024

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

#₹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

Assisted by Best in Class
Service Partners

Collaborating for success through
our Investment Portfolio

Success is a shared journey which originates from our vision
to create value together.

Media Coverage

News
et-logo

Centrum’s fund modulus ropes in SBI veterans to drive growth

01 Apr 2024 2 min read
Centrum’s fund modulus ropes in SBI veterans to drive growth
News
VCC-logo

Private credit must be part of LP portfolios: Panellists at VCCircle LP Summit

19 Feb 2024 2 min read
Private credit must be part of LP portfolios: Panellists at VCCircle LP Summit
News
et-logo

Raises ₹350 crore from Private Credit Provider Modulus Alternatives

24 Jan 2024 3 min read
Raises ₹350 crore from Private Credit Provider Modulus Alternatives