Alpha Alternatives raises Rs.5,500-Cr through structured credit fund

Alpha Alternatives Fund Advisors , the asset management arm of Alpha Alternatives Group, has raised over INR 5,500 crore in total capital commitments through the final close of its Structured Credit Opportunities Fund (AASCOF), surpassing the initial target.The fund focuses on special situations and debt restructuring, targeting returns of 24%. With diversified investor support, it aims to deploy the funds within 9-12 months.