About This Fund
InCred Special Opportunities Fund-I (ISOF-I) is the inaugural special situations credit fund launched by InCred Alternative Investments, a subsidiary of InCred Capital Financial Services. Structured as a Category II Alternative Investment Fund (AIF), ISOF-I has a base size of $175 million, including a $60 million green shoe option. As of April 2025, the fund has secured over $70 million in commitments from a mix of domestic and international investors. The fund is designed to deliver superior risk-adjusted returns through a market-agnostic strategy, focusing on secured credit investments in India's traditional sectors. ISOF-I aims to capitalize on opportunities arising from dislocated secondary markets, cash flow mismatches, and other special situations, ensuring downside protection through strong collateral coverage. Managed by a team with deep expertise in credit and special situation investing, ISOF-I plans to deploy capital across 15–18 investments over a 6.5-year tenure. The fund targets a gross internal rate of return (IRR) of 21–23%, with regular quarterly distributions to investors.