Altico Capital
"Contrarian capital deployed in India's most complex restructuring situations — where patience meets special situations expertise."
About Altico Capital
Altico Capital is a specialist distressed asset and special situations fund manager, deploying capital into stressed corporate assets through IBC CIRP processes, SARFAESI enforcement, and debt-to-equity conversions. The firm's investment team combines credit underwriting expertise with operational restructuring capabilities, enabling it to acquire distressed businesses and revive them through management changes, asset rationalisation, and fresh growth capital.
The firm focuses primarily on real estate and mid-market industrial businesses — segments with significant NPA stock accumulated post-2018. Altico's Special Situations Fund I has participated in 12 CIRP resolution plans across the real estate, hospitality, and manufacturing sectors, generating above-benchmark recoveries for investors.
Key Attributes
- verified_userSEBI Registration IN/AIF2/15-16/0338
- location_cityHeadquarters 14th Floor, Peninsula Business Park, Tower B, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra
- groupsInvestment Team 42 Investment Professionals
- publicInvestor Base Institutional & UHNI Investors
- gavelProducts AIF Category II – Distressed Asset Fund
- workspace_premiumMemberships IVCA Member since 2016
Investment Approach
Contrarian Resolution Investing
Altico Capital invests when distress creates mispricing — acquiring assets at 30–50% discounts to intrinsic value when lenders are motivated sellers and resolution candidates are overlooked. The firm's edge lies not in identifying cheap assets but in executing successful resolutions of complex, multi-creditor situations.
IBC Expertise
Dedicated legal and restructuring team with 40+ completed IBC CIRP transactions provides superior insight into resolution timelines, CoC dynamics, and NCLT jurisprudence.
Turnaround Capability
Post-acquisition, Altico installs professional management, implements operational rightsizing, and provides fresh working capital to revive viable businesses from distressed situations.
Conservative Entry
Acquisition pricing at 50–70% of estimated liquidation value ensures a margin of safety even in pessimistic recovery scenarios.
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Funds Offered
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Connect with our team to explore investment opportunities, mandate customisation, and onboarding with Altico Capital.