InCred Alternative Investments, the alternatives platform of InCred Capital, has closed its maiden special situations credit fund at its Rs 1,500 crore hard cap.

The Category II alternative investment fund, InCred Special Opportunities Fund-I, drew commitments from domestic family offices, ultra-high-net-worth individuals and offshore investors. With this close, the firm’s total private credit assets under management have crossed Rs 4,000 crore.