Performing private credit fund research profile
Investec Emerging India Credit Opportunities Fund II is a performing private-credit vehicle for senior-secured and structured financings to Indian mid-market corporate groups. Public disclosures verify the fund’s first close, mandate and two named borrowers, while the complete borrower schedule and fund-level economics remain undisclosed.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Investec Emerging India Credit Opportunities Fund II uses a performing private credit; senior-secured structured debt approach across Mid-market corporates, manufacturing, infrastructure, healthcare.
Current evidence
Investec announced EICOF II’s first close above ₹650 crore in April 2024, disclosed a ₹300 crore investment in Jayaswal Neco’s secured NCD refinancing in 2025, and Wanbury disclosed ₹175 crore of EICOF II refinancing in March 2025.
Strategy
Performing private credit; senior-secured structured debt
Sector focus
Mid-market corporates, manufacturing, infrastructure, healthcare
AIF structure context
Indian private credit, venture-debt and special-situations funds are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.
Current signal
Investec announced EICOF II’s first close above ₹650 crore in April 2024, disclosed a ₹300 crore investment in Jayaswal Neco’s secured NCD refinancing in 2025, and Wanbury disclosed ₹175 crore of EICOF II refinancing in March 2025.
Investor questions
Investec Emerging India Credit Opportunities Fund II is covered in Rupeia's private credit research universe. The current public record describes the strategy as Performing private credit; senior-secured structured debt, with a sector focus of Mid-market corporates, manufacturing, infrastructure, healthcare. The profile should be read with the linked source trail and Typical route: Category II AIF context.
The profile displays only company or asset names attributable to Investec Emerging India Credit Opportunities Fund II in the reviewed public sources: Jayaswal Neco Industries Limited; Wanbury Limited. It does not represent a complete current portfolio unless the manager has published one.
Investec reports more than ₹650 crore at first close and a private-credit underwriting history spanning Indian mid-market companies. EICOF II fund-level realised returns are not publicly disclosed. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: First close above ₹650 crore on 18 April 2024; later final corpus is not publicly disclosed.. Public terms or access information: Category II AIF targeting senior-secured, sector-agnostic private-credit investments for acquisition financing, refinancing, stake consolidation, growth capex, asset financing, dividend recapitalisation and bridge financing.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Piyush Gupta (Head of Credit Markets, Investec Capital); Rahul Lachchhiramka; Ranjan Kocherry; Krishna Bubna; Laveena M.; Snehal Rathod. Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review borrower concentration, security and seniority, cash versus accrued income, defaults, recoveries, fund leverage and liquidity. The current open diligence point is: The complete borrower schedule, vehicle-level fees, carry and realised returns are not publicly disclosed. Jayaswal Neco and Wanbury are individually attributable to EICOF II through manager, borrower or exchange disclosures; broader Investec platform transactions are not substituted for this vehicle..
2026-02-01: Investec announced EICOF II’s first close above ₹650 crore in April 2024, disclosed a ₹300 crore investment in Jayaswal Neco’s secured NCD refinancing in 2025, and Wanbury disclosed ₹175 crore of EICOF II refinancing in March 2025.
Next step
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