+
Sundaram Alternatives’s third real estate fund launched
Real Estate

Sundaram Alternatives’s third real estate fund launched

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

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

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?