Fund News
Motilal Oswal to enter private credit with $250-M fund; ropes in Modulus’ Rakshat Kapoor
Mumbai-based Motilal Oswal Financial Services is to enter the private credit market with Rakshat Kapoor as the head of the venture. Kapoor is expected to lead Motilal Oswal’s plan to raise about USD 250 million through its maiden private credit fund over the next four to six months..Motilal’s private credit business will fall under the umbrella of Motilal Oswal Alternates. The fund plans to invest in mid- to large- companies seeking growth capital and will lend across the credit spectrum.Kapoor has previously worked at Modulus Alternatives, Nomura Holdings Inc. and Deutsche Bank.
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