Meenakshi Alternates launches realty-focused ₹700 crore AIF
NEW DELHI: Hyderabad-based
Meenakshi Group
has launched its new financial services arm -
Meenakshi Alternates
(M-Alts) and its fund
Meenakshi Real Assets Fund
for investments in real estate across top-tier cities in India.
This SEBI-approved Category II AIF will target a mix of debt and equity investments with a total corpus of ₹700 crore (including a ₹350 crore greenshoe option). Meenakshi Group has committed up to 20% of the fund size as sponsor capital.
The fund will focus on self-liquidating real estate assets that offer both consistent cash flows and equity upside. The fund aims to allocate capital to tier I developers with individual investments of up to ₹70 crore per transaction.
"Currently, we have three potential deals under due diligence, and we have secured soft commitments from the Meenakshi Group, its network, and early investors," said
Mahesh Katragadda
, CEO of Meenakshi Alternates.
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