Private credit play: Modulus Alternatives’ third fund crosses Rs 300 crore in first close

Modulus Alternatives has secured over Rs 300 crore in the first close of its third private credit fund, India Credit Opportunities Fund III. The SEBI-registered Category II AIF has a target corpus of Rs 2,000 crore, including a greenshoe option, and will focus on performing credit opportunities across high-growth sectors.