Motilal Oswal Financial Services ' alternative investment arm, Motilal Oswal Alternates, has announced the first close of its maiden private credit fund, India Credit Excellence Fund, at ₹1,700 crore. The fund was launched in January 2026 and includes an ₹200 crore commitment from the sponsor and its affiliates.

Fund Details and Target

The India Credit Excellence Fund targets a total corpus of ₹3,000 crore, including a green shoe option of ₹1,500 crore. The final close is expected in the near term, with the fund maintaining a strong pipeline of investment opportunities.

Strategic Milestone and Platform Evolution

This achievement marks a significant step in Motilal Oswal Alternates' evolution towards becoming a multi-asset alternatives platform, coinciding with its 20-year journey in the alternatives space. Over the past two decades, the platform has built a distinctive track record across private equity and real estate, having raised over ₹23,000 crore across 11 funds and currently managing approximately ₹28,000 crore in assets.

The platform recently announced the final close of its fifth and largest private equity fund at ₹8,500 crore, demonstrating the momentum and scale of the franchise. The private equity platform has delivered consistent top-tier returns across five funds, while the real estate platform has achieved over 130 full exits across market cycles.

Investment Strategy and Leadership

The private credit fund is headed by Rakshat Kapoor, who brings over 25 years of experience in the structured financing industry. The fund focuses on secured lending and bespoke customized solutions targeting mid-market businesses that are profitable, growing, and fundamentally creditworthy, yet unable to access capital at the right tenor and structure from traditional sources.

Leveraging Motilal Oswal Alternates' deep equity investing framework and real estate underwriting expertise, the fund is designed to capture equity-linked upsides alongside regular credit yields. The investment committee draws on the platform's cross-asset expertise, bringing together senior professionals from private equity and real estate platforms.

Market Opportunity

According to Rakshat Kapoor, India's private credit market is at an inflection point, with the addressable market estimated to grow to over ₹10 lakh crore over the next few years. This growth is expected to be driven by mid-market corporates actively seeking flexible, non-dilutive capital as traditional financing channels face structural constraints.

Motilal oswal financial services Limited has completed the allotment of 5,15,126 equity shares to employees who exercised their stock options under the company's Employee Stock Option Scheme (ESOP). The allotment was approved by the Finance Committee of the Board of Directors during its meeting held on February 13, 2026.

ESOP Allotment Details

The equity shares were distributed across four different ESOP schemes operated by the company. The allocation demonstrates the company's commitment to employee participation in its growth story through equity ownership.

Share Characteristics and Rights

The newly allotted equity shares will rank pari-passu with the existing equity shares of the company in all respects. This means that the shares carry identical rights and privileges as the existing equity shares, including voting rights, dividend entitlements, and other shareholder benefits.

Committee Meeting Details

The Finance Committee meeting that approved this allotment commenced at 05:00 p.m. and concluded at 05:30 p.m. on February 13, 2026. The company has informed both BSE Limited (Security code: 532892) and National Stock Exchange of India Limited (Symbol: MOTILALOFS) about this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The allotment has been carried out pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions, ensuring transparency in corporate actions involving equity allotments.