Venture debt / Private credit · SEBI registry
India Credit Excellence Trust - I
Debt / Venture debt · Private credit / Debt · Mumbai
At a glance
- Stage focus
- Debt / Venture debt
- Primary sector
- Private credit / Debt
- City
- Mumbai
- HQ / office
- Mumbai, Maharashtra (Motilal Oswal Tower, Prabhadevi)
- Fund registered
- 2025
- Corpus (as reported)
- First close Rs 1,700 crore (incl. Rs 200 cr from Motilal Oswal Group); target corpus Rs 3,000 crore incl. green shoe (2026). Motilal Oswal Alternates manages ~Rs 28,000 cr across 11 funds.
- Website
- www.motilaloswalamc.com/aif
- Profile ↗
About
India Credit Excellence Trust - I is the vehicle for the India Credit Excellence Fund - I, the maiden private-credit fund of Motilal Oswal Alternates (the alternatives arm of Motilal Oswal Asset Management / Motilal Oswal Financial Services). Launched Jan 2026, it does secured mid-market lending; private-credit CIO is Rakshat Kapoor. The Motilal Oswal Alternates AIF platform is otherwise known for Cat III equity and India Business Excellence private-equity funds.
Investment focus
Private credit / performing private debt — secured lending and customised structured solutions to profitable, growing mid-market businesses; not startup VC
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/25-26/1997
SIDBI Fund of Funds
None found
Team & organisation
Private credit vertical headed by Rakshat Kapoor (25+ yrs); broader MO Alternates platform 30+ professionals
Trust-structured Category II AIF managed by Motilal Oswal-group manager (MO Alternates platform, multi-fund) — note: motilaloswalamc.com/aif is the Cat III equity AIF page; the credit fund sits under MO Alternates (motilaloswalalt.com)
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Frequently asked
- What does India Credit Excellence Trust - I invest in?
- Private credit / performing private debt — secured lending and customised structured solutions to profitable, growing mid-market businesses; not startup VC
- How do I pitch India Credit Excellence Trust - I through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ private credit / debt fund (NOT startup VC); part of listed Motilal Oswal group
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.motilaloswalalt.com/contact-us/; https://cafemutual.com/news/cafe-alt/37102-motilal-oswal-alternates-announces-the-first-close-of-its-first-private-credit-fund-at-rs-1700-crore