Centrum Capital Limited — Important, 03-02-2025: Updates

India Credit Opportunities Fund II (ICOF II), managed by Modulus Alternatives, has received a prestigious CARE AIF 1 grading, indicating excellent asset selection and management capabilities. This recognition highlights the fund’s robust investment processes and commitment to delivering value for investors. ICOF II targets a fund size of INR 750 crore with a green shoe option of INR 500 crore, focusing on performing private credit opportunities in sectors like healthcare, pharmaceuticals, and clean energy. Currently in its fund-raising phase, ICOF II has already deployed over INR 800 crore across six investments and has a residual tenor of approximately 4.5 years ending in August 2029.

Modulus Alternatives also recently exited its first private credit fund, Centrum Credit Opportunities Fund I, which invested INR 1,790 crore across 15 investments, achieving a Gross IRR of 17.01% with stable credit quality and zero delinquencies. This success enhances its credibility and encourages potential investors seeking consistent returns. Overall, this grading presents a positive outlook for Modulus Alternatives and its investors.