Motilal Oswal raises Rs 1,700 crore first close for debut private credit fund

Motilal Oswal Alternates has marked a key milestone with the first close of its latest private credit vehicle, the India Credit Excellence Fund. The fund has raised Rs 1,700 crore toward a targeted corpus of Rs 3,000 crore. Designed to offer secured financing and bespoke capital solutions, it will support scaling mid-market enterprises across sectors.