Structured Credit Opportunities Fund

Private credit investments with equity upside and robust downside protection. High-yield opportunities include special situations funding, debt restructuring, and operating equity, with a strong focus on risk management through strict controls on leverage, collateral, and servicing. Offered as a 5-year Category II AIF, the Structured Credit Opportunities Fund is currently open for subscription.

SCOF

Private Credit

Low

Private Credit

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

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Build India Infrastructure Fund

The Build India Infrastructure Fund, a Category II AIF, focuses on HAM road investments, offering a unique “Pre-InvIT” opportunity to invest before assets are acquired by InvITs. Partnering with one of India’s largest road developers, the Fund targets returns over 5 years through higher yields from under-construction and distressed projects, as well as yield compression upon asset transfer to InvITs. With a 5-year lifespan, the Fund is currently open for subscription

Infrastructure

Long term highly Secured Debt

Low

Infrastructure

Pre invIT (CAT II AIF)> Public invIT

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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

Structured Credit Opportunities Fund

Real Estate

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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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Vikash Anand

SENIOR INVESTMENT TEAM MEMBER – REAL ESTATE

Vikash leads the Real Estate investing at Alpha focusing on building operating platforms and special situations in both residential and commercial sectors. With over 20 years of experience in financial services, real estate investments, and credit, he brings a wealth of expertise across investment strategies, portfolio management, credit decisioning, structuring, and long-term client relationship building.

Before joining Alpha, Vikash worked with leading institutions such as ICICI Bank and Kotak Mahindra Investments Ltd., managing diverse functions spanning mortgages, products, and real estate credit lending and investments. His deep industry knowledge and hands-on approach have been instrumental in shaping innovative investment strategies across asset classes.

Vikash holds a Master’s in Management Studies from Jamnalal Bajaj Institute of Management Studies, Mumbai. Outside of work, he is an avid reader with a strong interest in continuous learning and exploration.

Experience: 20+ years

Structured Credit Opportunities Fund

Build India Infrastructure Fund

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