InCred Asset raises Rs.300-Cr for credit fund

InCred Asset Management announced the raising of INR 300 crore from large family offices and high net worth individuals for its credit fund, InCred Credit Opportunities Fund-I (ICOF-I). The target fund size is INR 500 crore. ICOF-I is the first alternative offering from InCred and will provide flexible secured debt financing to emerging corporates, as well as to financial institutions.The fund is expected to make 20-25 debt investments at a rate of return of 16-18%.