InCred Asset Management raised Rs 300 crore funds from large family offices and high net worth individuals for its first credit fund, InCred Credit Opportunities Fund I. (ICOF-I).
The fund received 60% subscription in the first close within three months of its launch, according to the company. In the midst of a volatile equity market, the fund provides an alternative investment product for investors, he added. A differentiated fund strategy, as well as an increasing appetite among investors for high yield debt products as an effective diversification play, have contributed to the high demand for this yield-oriented fund.
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InCred Asset Management raised Rs 300 crore funds from large family offices and high net worth individuals for its first credit fund, InCred Credit Opportunities Fund I. (ICOF-I).
The fund received 60% subscription in the first close within three months of its launch, according to the company. In the midst of a volatile equity market, the fund provides an alternative investment product for investors, he added. A differentiated fund strategy, as well as an increasing appetite among investors for high yield debt products as an effective diversification play, have contributed to the high demand for this yield-oriented fund.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
