In order to raise up to ₹3,000 crore ($336 million) for its first private credit fund, Motilal Oswal Alternate Investment Advisors Pvt Ltd. of India has submitted an application to the Securities and Exchange Board of India.
Key Highlights
- Motilal Oswal Alternates applies to SEBI for ₹3,000 cr maiden private‑credit fund to back mid‑size firms.
- The fund will target growth‑capital and special‑situation lending, aiming first close by March 2026.
The company, a division of Motilal Oswal Financial Services, intends to invest mostly in mid-sized businesses looking to list within the next two to three years. It will begin raising capital in 2026, subject to regulatory permission.
Rakshat Kapoor, head of private credit at Motilal Oswal Alternates, which manages $3.1 billion in assets, stated, "We will primarily focus on growth capital and special situations like tariff-led crises."
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India's competitive private credit market saw its largest-ever transaction this year, and Motilal is the newest player. In a September analysis, S&P Global stated that the combination of low domestic interest rates and plenty of liquidity is anticipated to increase market competition, but cautioned that the momentum of the market could be derailed by resurgent equities markets and debt mutual funds.
In an effort to attract foreign investors, the firm also intends to open an office in GIFT City, India's international commercial hub, according to Kapoor.
