InCred Alternatives Investments, subsidiary of the InCred Group, introduced InCred Growth Partners Fund-I (IGPF-I), its first Category II AIF, in the private equity market.
In order to invest in top-notch privately held businesses in the consumer, banking, finance, technology, and business services sectors, IGPF-I seeks to handle assets under management (AUM) of up to Rs 500 crore, as reported by BW Disrupt.
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InCred Founder and CEO Bhupinder Singh said, “The launch of our private equity strategy helps us complete the bouquet of alternate funds for our HNI, UHNI and institutional investor base. Our best-in-class alternative investment management team will enable us to provide access to unique investment opportunities in the public and the private markets. IGPF-I has been crafted to foster entrepreneurship, generate targeted returns for our investors and bring together the founder and investor communities”.
Vivek Singla, who has more than 18 years of expertise managing investments, is in charge of the fund. During his extensive career in the private markets, he has completed some investments and exits.
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About InCred Alternatives
Within the institutional wealth and asset management division of the InCred Group is InCred Capital, which includes InCred Alternative Investments.
The Alternative Investments strategies at InCred includes funds in structured credit, absolute return, hedge fund and private equity fund.
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