Latest news with #IndiaRealtyExcellenceFundII
&w=3840&q=100)
Business Standard
3 hours ago
- Business
- Business Standard
Motilal Oswal Alternates exits all investments from its second realty fund
Motilal Oswal Alternates (MO Alternates), the alternative investments arm of Motilal Oswal Group, has announced the closure of its second real estate fund—India Realty Excellence Fund II (IREF II)—following the exit of all 14 investments with a gross internal rate of return (IRR) of 18.3 per cent. IREF II, a Rs 489 crore domestic real estate fund, focused on providing structured capital to established developers in their mid-income residential projects across India's leading urban markets. IREF II operated through a period marked by multiple disruptions and reforms such as demonetisation, the introduction of the Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST), the non-banking financial company (NBFC) liquidity crisis, and the COVID-19 pandemic. Each of these created significant short- and medium-term challenges for the industry, including sales disruptions, funding constraints and execution delays. Despite these challenges, IREF II maintained a resilient portfolio, backed by a strong focus on capital protection, underwriting discipline and active monitoring, enabling it to exit all deals profitably, MO Alternates noted. Over its lifecycle, the fund partnered with Kolte Patil Developers, Casagrand Group, Shriram Properties, among others. Vishal Tulsyan, co-founder and executive chairman, MO Alternates, said, 'With increasing formalisation, stronger balance sheets, and a growing appetite for institutional capital, we believe this is a defining decade for real estate in India—and MO Alternates is well-positioned to play a meaningful role in its evolution.' MO Alternates' cumulative assets under management (AUM) for real estate exceed Rs 10,000 crore across six real estate funds and co-investments. The platform has made over 180 investments and secured more than 110 complete exits. Overall, the alternative investments platform manages more than $2 billion in cumulative AUM across real estate and private equity. The firm will continue to deploy capital through subsequent funds in the IREF series and co-investments focused on real estate.
Time of India
8 hours ago
- Business
- Time of India
MO Alternates secures Rs 1,050 crore from complete exits in second realty fund
Motilal Oswal Alternates (MO Alternates), the alternative investment arm of Motilal Oswal Group , has made exits worth over Rs 1 ,050 crore from all 14 investments under its second real estate fund, India Realty Excellence Fund II . The fund, with a corpus of Rs 489 crore, focused on providing structured capital to developers for mid-income residential projects across key urban markets in India. The capital was deployed in cities with significant housing demand and was aimed at supporting project completion and delivery timelines. With this, the fund--having invested Rs 680 crore including reinvestments--has delivered a gross internal rate of return (IRR) of 18.3%, achieving full exit in line with its stated investment philosophy and return objectives. 'The closure of IREF II reinforces our belief in disciplined investing backed by on-ground insights, strong governance, and a relentless focus on execution. Looking ahead, we remain highly optimistic about the Indian real estate sector. With increasing formalisation, stronger balance sheets, and a growing appetite for institutional capital, we believe this is a defining decade for real estate in India,' said Vishal Tulsyan, Co-founder and Executive Chairman, MO Alternates. Investments and exits were made in projects of developers such as Kolte Patil Developers , Casagrand Group, Shriram Properties , and others. The fund's cycle reflected typical timelines for structured real estate investments in the mid-income segment and the exits were achieved through repayments and project completions. Live Events 'This has been a deeply instructive fund cycle. The importance of proactive asset management--spotting stress early, taking swift action, and maintaining developer alignment--has stood out as a key differentiator,' said Saurabh Rathi, MD & Co-Head of real estate funds at MO Alternates. According to him, the portfolio's diversification across cities and counterparties helped it mitigate concentration risks during volatile periods. 'The fund's ability to deliver superior risk-adjusted returns despite a challenging macro environment, is a testament to our investment discipline and active asset management approach,' Anand Lakhotia, MD & Co-Head of real estate funds at MO Alternates. According to him, the fund navigated disruptions including demonetization, implementation of RERA and GST, the NBFC liquidity crisis, and COVID-19--which affected sales, funding, and execution--yet maintained a resilient portfolio through capital protection, disciplined underwriting, and active monitoring, enabling profitable exits from all investments. MO Alternates' cumulative assets under management for real estate stand at over Rs 10,000 crore across six real estate funds and co-investments. The platform has made over 180 investments and secured more than 110 complete exits. Overall, the alternative investments platform manages more than $2 billion in cumulative AUM across real estate and private equity.
