Performing Credit Opportunities Fund (PCOF) - Series I

Alternative Investment Fund (AIF)

Listing Summary

• Maturity Date: 5 years (extendable by 2 years)
• Yield % (Indicative IRR): 13-16%
• Minimum Investment: INR 1.99 crore

Detailed Overview

Fund Basics

• Fund Type: Category II
• Fund Focus: Private Credit
• Stage of Investment: Growth-stage
• Target Geography: Domestic

Investment Strategy

• Sector Focus: MSME/SME, bridge funding to larger companies
• Investment Style: Active Management
• Risk Profile: Medium-risk

Fund Structure

• Fund Size: INR 1500 crores (additional Greenshoe of INR 500 crores)
• Commitment Period: 5 years (extendable by 2 years)
• Minimum Ticket Size: INR 1.99 crore
• Sponsor Commitment: Upto 15%

Fund Performance

• Net NAV Returns: ~12-13%
• Past Performance: Raised ~INR 3650 crores across 5 CAT II AIFs

Expense Ratio & Fees Analysis

• Management Fees: 0.75-1.85%

Governance & Management Team

• Fund Managers: Vikaas M Sachdeva, Vaatsal Tandon

Legal, Compliance & Investor Protection

• Regulatory Approvals: SEBI registration

Valuation & Liquidity Considerations

• Liquidity Options: Quarterly income distributions

Miscellaneous

• Fund Launch Date: October 2024