Rs 2.5 billion real estate fund launched by Altern Capital
Real Estate

Rs 2.5 billion real estate fund launched by Altern Capital

Altern Capital, an investment management company, has introduced its first SEBI-approved category II alternative investment fund (AIF) named JIRAAF AU INDIA REAL ESTATE FUND - I (JIREF I). The fund aims to raise Rs 2.5 billion, with an additional greenshoe option of Rs 1 billion. AI Growth sponsors JIREF I.

JIREF I will primarily focus on plotted development and last-mile funding, with a fund tenure of four years. (Source: ET)

Altern Capital, an investment management company, has introduced its first SEBI-approved category II alternative investment fund (AIF) named JIRAAF AU INDIA REAL ESTATE FUND - I (JIREF I). The fund aims to raise Rs 2.5 billion, with an additional greenshoe option of Rs 1 billion. AI Growth sponsors JIREF I. JIREF I will primarily focus on plotted development and last-mile funding, with a fund tenure of four years. (Source: ET)

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