India Credit Opportunities Fund II (ICOF II), the second private credit fund by Modulus Alternatives, has received a CARE AIF 1 grading from CareEdge Analytics, indicating excellent asset selection and management capabilities. This recognition highlights the fund’s strong investment processes and commitment to providing value for investors seeking risk-adjusted returns and steady income. ICOF II aims to raise INR 750 crore, focusing on sectors like healthcare and clean energy, with a residual tenor of about 4.5 years. Since 2018, Modulus has invested over INR 2,500 crore across 21 investments, showcasing its expertise in private credit.