InCred Alternative Investments

The strategies in our Alternatives business involve diversifying investments into alternate avenues such as structured debt and quantitative hedge funds to help clients take advantage of the attractive opportunities outside of traditional equities-oriented investments.

Structured Debt

Our Alternative Credit Strategies business leverages the strength and rigor of our understanding of the financing business coupled with the expertise of the larger InCred Group’s ecosystem and network, to provide credit solutions to high performing businesses..

The CIO for alternative credit strategies, Saurabh Jhalaria has 20+ years of experience across the credit and financing business in Asia and has been part of the founding team at InCred Group since 2016.

InCred Credit Opportunities Fund (CAT II AIF)

Investment Theme/Objective/Strategy

InCred Credit Opportunities Fund – I (ICOF) is a performing credit fund focussed on fulfilling credit needs of emerging Indian corporates. The fund provides non-dilutive long term capital to high quality, venture capital backed Indian corporates which don’t yet get credit capital from the markets. Besides, the fund also has an opportunistic allocation towards established Indian corporates who are in need of structured credit capital for their bespoke requirements.

ICOF aims to deliver attractive risk-adjusted returns to its investors by playing in vast white space of credit under-supply which is created by a) underdeveloped Indian debt capital markets and b) traditional Indian credit suppliers not focussing on this category or need of borrowers

ICOF is supported by InCred Group’s deep credit investing track-record in this space, various touch points across its business and network of existing and upcoming businesses and entrepreneurs.

ICOF is a Category II close ended investment fund with a target size of INR 500 crore with a greenshoe option of another INR 500 crore. The fund was launched in August – 22 and announced its first close in Nov – 22.

Team

Saurabh Jhalaria

Saurabh has 20+ years of experience across the credit and financing business in Asia and has been part of the founding team at InCred Group since 2016
Saurabh is the CIO for alternative credit strategies for InCred Capital and also looks at the SME lending business at InCred Finance, the NBFC arm.
Prior to joining InCred, Saurabh was a Managing Director at Deutsche Bank leading the private financing and performing credit business for India and South East Asia. He was running a team of 25 analysts and structurers split across India, Singapore and Hong Kong and was responsible for the direct lending, leverage and acquisition financing and holdco financings.
Prior to this, Saurabh worked for Deutsche Bank in Hong Kong as part of their private equity business focused on Indian markets. He started his career at ICICI Securities in their investment banking services.
Saurabh has post graduate diploma in management from IIM Bangalore, is a CFA charterholder and an undergraduate degree in commerce and accounting from St Xaviers College, Kolkata.

Ankur Jain – Managing Director

15+ years of alternative investing experience in India. 6 years of which in private equity investing and balance in operational consulting and private credit
Formerly with KKR, Edelweiss, Alvarez & Marsal, WL Ross & Co and D.B. Zwirn & Co.
Experience straddles vertically across public and private markets and horizontally across a) Investing – through the capital structure and situations, b) Portfolio Management – value creation, crisis management, troubled portfolio resolution and c) Exits – cash flow linked, capital markets, enforcement and settlements
Among the only investing professionals in India who has worked across market cycles and experienced investing, exits and workouts – a must have for successful private credit investing.
Experience includes Investing (c. Rs4,400cr) and generated an IRR of c.18%
Holds CFA and MS (Finance) from ICFAI University