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Modulus Alternatives Investment Managers Limited (Modulus Alternatives) is a registered company bearing CIN: U67200MH2019PLC319950.
Investment in Alternative Investment Funds (AIFs) is made via private placement only and only through a serially numbered placement memorandum specifically addressed to the addressee. The information contained herein is being generally made available and is meant for educational purposes only. Nothing on this website is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Investment in AIFs registered with the Securities and Exchange Board of India (SEBI) are subject to Indian laws and neither SEBI nor Modulus Alternatives, the AIFs managed by Modulus Alternatives or the trustees shall be liable for any content on this website. Kindly refer to the disclaimers, and terms and conditions for further details
Launched in 2019, Fund I was a closed-ended Category II AIF that invested INR 1,790 crore, through the Fund and other investors, across 15 investments in sectors such as healthcare & pharmaceuticals, consumer durables, specialty chemicals and industrials. The portfolio construct of the Fund primarily focused on senior secured operating company exposures with regular coupon-bearing investments.
Throughout its tenure, the Fund consistently delivered mid-teen returns while maintaining high credit quality and making regular income distributions to its investors. At maturity, the Fund achieved a Gross IRR of 17.01%, with a Median Investor IRR (pre-tax, post-expenses and carried interest) of 14.28%. The Distributed to Paid-In Capital (DPI) of Fund I was 1.50x, with Total Value to Paid-In (TVPI) at 1.52x.
Fund I’s success, despite challenges such as NBFC crisis and the COVID-19 pandemic, reaffirms our focus on active portfolio management.