Large family offices and high net-worth individuals invested ₹300 crores in InCred Asset Management’s first credit fund, InCred Credit Opportunities Fund I. (ICOF-I).
Within three months of its inception, the fund received a 60% subscription in the first closure, according to the business. The fund offers clients an alternative investment opportunity in the context of a shaky equity market, he added. The significant demand for this yield-oriented fund has been attributed to a new fund strategy as well as investors’ growing hunger for high-yield debt products as an effective diversification play.
