Performing private credit and structured solution capital fund research profile
Kotak Credit Opportunities Fund is Kotak Mahindra Asset Management's domestic Category II private-credit vehicle. It provides performing and strategic capital to established Indian businesses, including acquisition, refinancing and growth situations. Company disclosures identify Steel Exchange India and Indel Money as borrowers; the complete current borrower schedule is not public.
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
Kotak Credit Opportunities Fund uses a performing private credit and structured solution capital approach across Mid-market corporates, acquisition finance, growth capital.
Current evidence
Kotak AMC reported the fund's first close above INR 1,200 crore in May 2025. Steel Exchange India disclosed a refinancing facility involving Kotak Credit Opportunities Fund in September–October 2025, and Indel Money announced a INR 100 crore NCD subscription from the fund in February 2026.
Strategy
Performing private credit and structured solution capital
Sector focus
Mid-market corporates, acquisition finance, growth capital
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
Kotak AMC reported the fund's first close above INR 1,200 crore in May 2025. Steel Exchange India disclosed a refinancing facility involving Kotak Credit Opportunities Fund in September–October 2025, and Indel Money announced a INR 100 crore NCD subscription from the fund in February 2026.
Investor questions
Kotak Credit Opportunities Fund is covered in Rupeia's private credit research universe. The current public record describes the strategy as Performing private credit and structured solution capital, with a sector focus of Mid-market corporates, acquisition finance, growth capital. 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 Kotak Credit Opportunities Fund in the reviewed public sources: Steel Exchange India Limited; Indel Money Limited. It does not represent a complete current portfolio unless the manager has published one.
First close and target return range were reported at launch; 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 ₹1,200 crore; target ₹1,500–2,000 crore. Public terms or access information: Performing credit, acquisition and capex finance for unlisted mid-market companies; detailed terms are not publicly disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Saurabh Tripathi (CIO, Private Credit); Deepak Agrawal (Kotak private-credit team). 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: Vehicle-level fees, carry, waterfall, net returns and a complete current borrower schedule remain not publicly disclosed. The two listed borrowers are retained only where company or manager disclosures explicitly name Kotak Credit Opportunities Fund..
2026-05-25: Kotak AMC reported the fund's first close above INR 1,200 crore in May 2025. Steel Exchange India disclosed a refinancing facility involving Kotak Credit Opportunities Fund in September–October 2025, and Indel Money announced a INR 100 crore NCD subscription from the fund in February 2026.
Next step
Share the allocation question, ticket size, liquidity constraints and existing exposure. Rupeia can determine whether this profile needs a deeper decision-support brief.