EICOF II will make private credit investments in Indian mid-market corporate groups for end uses typically not amenable to bank finance. Key focus will be on issuers with strong promoter pedigree, corporate governance and robust financial performance.

Piyush Gupta, Head of Credit Markets, Investec Capital, said,

“The exceptionally strong investor response to EIOCF II in an unprecedented timeline for the first close demonstrates the investor recognition and vote of confidence for our solid performance track record of underwriting mid market credit in India for over 10 years including the performance of our maiden Indian private credit fund EICOF I. We remain very positive on the structural opportunity for private credit in India in the coming years.”

About EICOF - II

EICOF – II, a Category II Alternative Investment Fund registered with SEBI, is the successor to Investec Capital’s maiden private credit fund – EICOF I. EICOF I had earlier successfully achieved an AUM of over INR 16 billion including co-investments. EICOF – II’s investment strategy is to make diversified, sector-agnostic credit investments. The Fund will provide private credit solutions for various end uses including acquisition financing, refinancing requirements, financing for stake consolidation, growth capex requirements, asset financing, dividend recapitalisation, bridge financing, etc.

About Investec Capital Services (India) Private Limited

Investec Capital is a ~80:20 joint venture between Investec Bank plc and SBI Capital Markets Limited (100% subsidiary of State Bank of India). Investec Capital works with mid-market companies, institutions, financial and other sponsors and is present in India across credit markets, corporate finance advisory, equities sales, trading & research and equity capital markets. Investec Capital is a SEBI registered merchant banker, stock broker and research analyst.

Investec Capital has an established track record of over 10 years in the Indian mid market credit space. Investec has underwritten over INR 145 billion across rupee and foreign currency transactions for Indian and India-associated businesses owned by Indian corporate groups/promoters, as well as private equity sponsors.

 

 

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Contact: Swapna Bhandarkar
Swapna.bhandarkar@investec.co.in
+919892507742