Private Credit

Private Credit focuses on capturing unique investment opportunities within credit markets by employing a combination of strategies such as Special Situations Funding, Debt Restructuring, and Operating Equity. It aims to generate returns by capitalizing on distressed or restructuring scenarios, offering flexible capital solutions tailored to challenging environments.

Private Credit

Private Credit

Low

Private Credit

Singapore VCC, Cat II AIF

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Kaushal Biyani

FUND MANAGER

Kaushal heads the Illiquid Alternatives Group at Alpha. He is the fund manager for the Structured Credit and the Build India Infrastructure funds. He also oversees structuring elements across the firm.

He began his career with Ernst & Young’s M&A team before joining the Essar Group, where he played a pivotal role in structuring complex deals and managing high-stakes negotiations. Notably, he led one of India’s largest FDI transactions and the execution of one of the country’s largest corporate delistings.
Beyond his professional endeavors, Kaushal is a faculty member of the Art of Living Foundation, conducting meditation programs for corporate professionals, youth and rural parts of India.

Kaushal is a Bachelor of Commerce from the University of Mumbai and a Chartered Accountant (AIR 22).

Experience: 17+ years

Build India Infrastructure Fund

Real Estate 2.0 Residential Opportunities Fund

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Build India Infrastructure Fund

Infrastructure Fund targets entry into infrastructure assets through pre-InvIT investments, with the goal of transitioning to public InvITs over time. It is designed to offer substantial long-term returns by leveraging large-scale infrastructure projects, providing a unique opportunity for significant capital appreciation.

Infrastructure

Long term highly Secured Debt

Low

Infrastructure

Singapore VCC, Cat II AIF

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Kaushal Biyani

FUND MANAGER

Kaushal heads the Illiquid Alternatives Group at Alpha. He is the fund manager for the Structured Credit and the Build India Infrastructure funds. He also oversees structuring elements across the firm.

He began his career with Ernst & Young’s M&A team before joining the Essar Group, where he played a pivotal role in structuring complex deals and managing high-stakes negotiations. Notably, he led one of India’s largest FDI transactions and the execution of one of the country’s largest corporate delistings.
Beyond his professional endeavors, Kaushal is a faculty member of the Art of Living Foundation, conducting meditation programs for corporate professionals, youth and rural parts of India.

Kaushal is a Bachelor of Commerce from the University of Mumbai and a Chartered Accountant (AIR 22).

Experience: 17+ years

Private Credit

Real Estate 2.0 Residential Opportunities Fund

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Real Estate 2.0 Residential Opportunities Fund

The Real Estate strategy targets high-return plotting and redevelopment projects, aiming for developer-like returns through aligned partnerships. With a medium-to-high risk profile, it focuses on lucrative opportunities with strong upside potential. The 5-year fund is currently closed for subscription.

Real Estate

Real Estate

Low

Real Estate

CAT II AIF

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Apurva Muthalia

FUND MANAGER

Apurva leads Real Estate investing at Alpha focusing on building operating platforms and special situations in both residential and commercial sectors. He has over two decades of investment management and operational experience. He has been a key player in real estate investing since the sector opened to foreign equity in 2005.

Previously, he held leadership roles at Fosun Group, Aditya Birla Capital, IL&FS Investment Managers, and J.P. Morgan Asset Management. Throughout his career, he has been involved in various Investment & Advisory Committees and represented his firms on multiple company boards and industry forums.

An avid reader of the historical fiction and spy genres, he holds a Master’s degree in Management Studies (Finance) and a Bachelor’s degree in Commerce and Accounting from the University of Mumbai.

Experience: 19+ years

Private Credit

Build India Infrastructure Fund

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