Mr. Vinod Rai was appointed the Chairman of the Board of Modulus Alternatives Investment Managers Limited in December 2022.
Non-Executive Director
Independent Director
Non-Executive Director
Chief Investment Officer
Designation
Designation
Designation
Designation
Former Deputy MD, SBI
Former Chairman, PNB
Executive Chairman, Centrum
Chief Investment Officer
Senior Advisor
Senior Advisor
Chief Operating Officer
Chief Investment Officer
Investment Team
Investment Team
Investment Team
Investment Team
Investment Team
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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.