Sundaram Alternatives’s third real estate fund launched

14 Jun 2021 CW Team

The real estate concentrated fund is a five year close-ended Category-2 alternative investment fund (AIF).

A press release issued by the company told the media that SA's High-Yield Secured Debt Fund-1 had repaid approximately 61% of capital in less than three years since final closing with a gross portfolio Internal Rate of Return (IRR) of around 19%.

It added that the fund quarterly distributed the interest income to investors and continued to do so despite the problematic Covid-19 environment. The second real estate fund, which is High-Yield Secured Debt Fund-2, has been closed recently and is in the phase of active portfolio construction currently.

The release added that the fund has already distributed income of drawn capital amounting to 10.3% to its investors as interest coupons over the last more than one year.

The fund is going to invest in debentures and mezzanine securities of Indian entities supported by real assets that might include real estate, logistics, hotels, and healthcare facilities. Investments will largely be supported by hard real estate collaterals, access to cash flows, and other securities designed to protect capital and return attractive IRRs on a gross basis.

The target size of the find is Rs 750 crore, plus a greenshoe of Rs 250 crore. The minimum investment in this fund is Rs 1 crore. The head of the strategy (alternative credit)is Karthik Athreya, and Kumaran Chandrasekaran will manage the fund. The fund's sponsor is Sundaram Finance, and the fund is open for subscription to domestic and international sophisticated investors.

Sundaram Alternate Assets Ltd (SA) is a 100% subsidiary of SAMC.

Image Source

Also read: Assets over Rs 3.5 trillion to be monetised via InvIT, REIT in next one year

Also read: Model Tenancy Act approved: Here’s what the industry thinks

Sundaram Alternatives has launched its third real estate fund, Sundaram Alternative Opportunities Series–High Yield Secured Real Estate Fund-3, an alternative investment arm of Sundaram Asset Management Company Ltd (SAMC), owned by Sundaram Finance Ltd, a leading non-banking financial company in India. The real estate concentrated fund is a five year close-ended Category-2 alternative investment fund (AIF). A press release issued by the company told the media that SA's High-Yield Secured Debt Fund-1 had repaid approximately 61% of capital in less than three years since final closing with a gross portfolio Internal Rate of Return (IRR) of around 19%. It added that the fund quarterly distributed the interest income to investors and continued to do so despite the problematic Covid-19 environment. The second real estate fund, which is High-Yield Secured Debt Fund-2, has been closed recently and is in the phase of active portfolio construction currently. The release added that the fund has already distributed income of drawn capital amounting to 10.3% to its investors as interest coupons over the last more than one year. The fund is going to invest in debentures and mezzanine securities of Indian entities supported by real assets that might include real estate, logistics, hotels, and healthcare facilities. Investments will largely be supported by hard real estate collaterals, access to cash flows, and other securities designed to protect capital and return attractive IRRs on a gross basis. The target size of the find is Rs 750 crore, plus a greenshoe of Rs 250 crore. The minimum investment in this fund is Rs 1 crore. The head of the strategy (alternative credit)is Karthik Athreya, and Kumaran Chandrasekaran will manage the fund. The fund's sponsor is Sundaram Finance, and the fund is open for subscription to domestic and international sophisticated investors. Sundaram Alternate Assets Ltd (SA) is a 100% subsidiary of SAMC. Image Source Also read: Assets over Rs 3.5 trillion to be monetised via InvIT, REIT in next one year Also read: Model Tenancy Act approved: Here’s what the industry thinks

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Infrastructure Urban

09 Jan 2026

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Building Material

09 Jan 2026

Sources Unlimited Introduces Vitamine Pendant Lamp by Melogranoblu

Sources Unlimited has launched the Vitamine Pendant Lamp by Melogranoblu in India, expanding its portfolio of curated international luxury lighting solutions. Designed and crafted in Italy, the Vitamine pendant reflects contemporary glass artistry, combining hand-blown craftsmanship with refined aesthetics and atmospheric illumination.The Vitamine Pendant Lamp is sculpted in hand-blown glass and is available in frosted, silver and black metallised finishes. Each finish offers a distinct visual identity while maintaining a cohesive and sophisticated design language. The lamp’s softly contoure..