InCred launches second AIF to invest in listed cos

InCred Asset Management Co, the fund management arm of financial services firm InCred, has launched its second alternative investment fund (AIF), which will invest in publicly-listed companies. The Category III AIF will be a four-year closed-end fund focusing on capex-led growth for the next decade, and will back companies with deleveraged balance sheets, and benefiting from government incentives, low interest rates and increasing domestic and export demand. The fund will primarily invest in mid- and small-cap stocks that can benefit from strong earnings growth and rerating of businesses.