Sundaram Alternates launched PCOF-I, a close ended Category II AIF, targeting high-yielding debentures and mezzanine securities. The fund focuses on mid-market companies, with investments supported by strong security structures. The fund aims to generate attractive risk-adjusted returns and distribute quarterly income to investors. The targeted IRRs at portfolio level is around 13-16% and investor net returns around 12-13%. The tenor is five years (extendable by two years).
