Motilal Oswal Alternates Raises Rs 1,700 Crore in First Close of Private Credit Fund

Motilal Oswal Alternates has completed the first close of its India Credit Excellence Fund at Rs 1,700 crore, including a Rs 200 crore commitment from its sponsor. Launched in January 2026, the fund targets a Rs 3,000 crore corpus and focuses on secured lending and customized capital solutions for mid-market businesses that are profitable but face financing challenges. The firm highlights growth potential in India's private credit market and aims to support enterprises with flexible, non-dilutive capital.