<ul><li>Kapoor has resigned from Modulus Alternatives Investment Managers, where he served as chief investment officer and head of private credit.</li><li>Kapoor will spearhead Motilal Oswal’s plan to raise about $250 million through its maiden private credit fund over the next four to six months.</li><li>Motilal Oswal’s private credit business will be under Motilal Oswal Alternates, managing about $1.8 billion of assets, and plans to invest in mid- to large-companies seeking growth capital.</li><li>Annual volumes in India’s private credit market hit $9.2 billion last year, with significant interest from foreign firms like KKR & Co. and Goldman Sachs Group Inc., as well as local players and government-linked investors.</li></ul>

Motilal Oswal to enter private credit, ropes in Modulus head

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