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Motilal Oswal Alternates (MO Alternates), the alternative investment arm of Motilal Oswal Financial Services Ltd., has announced the appointment of Mr. Rakshat Kapoor as Head of Private Credit Business and Chief Investment Officer.

Rakshat will be based at the Motilal Oswal Tower (MOT), Prabhadevi, Mumbai, and will lead the Private Credit vertical, playing a pivotal role in shaping the strategy and growth of the business.

A Chartered Accountant by qualification, Rakshat brings with him over 24 years of rich and diverse experience in the financial services industry. He has previously held senior leadership roles at Modulus Alternatives, Nomura, and Deutsche Bank. In his most recent role at Modulus Alternatives, he served as Head – Private Credit and CIO, leading the development and expansion of the firm’s private credit platform.

Mr. Motilal Oswal, Group Managing Director and CEO of Motilal Oswal Financial Services Ltd., said, "We are delighted to welcome Rakshat Kapoor to the MOFSL family. Private Credit is a key focus area in our alternates business, and we believe Rakshat’s deep domain expertise, investment acumen, and leadership capabilities will add immense value as we build robust and differentiated opportunities for investors in this space."

Rakshat Kapoor added: "The private credit space in India is growing at a fast pace, creating strong demand for innovative and bespoke financing solutions. I am excited to join MO Alternates and contribute to building a high-performing credit platform that captures these opportunities and delivers long-term value to our investors. I look forward to driving disciplined investing and strategic expansion in this dynamic segment. MO Alts, has already established itself as a formidable player in Private Equity and Real Estate in India.  With addition of Private Credit strategies, it will further augment itself as a full scale alternative asset manager. Given its vintage, track record and performance in other assets classes, its best placed to capitalise on this private credit opportunity in India. ”

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