Latest news with #MeenakshiAlternates
Time of India
3 days ago
- Business
- Time of India
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.
Time of India
3 days ago
- Business
- Time of India
Meenakshi Alternates launches Rs 700 cr realty AIF
Hyderabad: Realty and clean energy player Meenakshi Group, which recently set up its new financial services arm, Meenakshi Alternates, has launched its debut alternate investments fund (AIF), Meenakshi Real Assets Fund (MRAF), for investments in real estate across top markets in India. Tired of too many ads? go ad free now Opting for a hybrid investment strategy, the Sebi-approved Category II AIF is targeting a mix of debt and equity investments with a total corpus of ₹700 crore (including a ₹350 crore greenshoe option). The Hyderabad-based Meenakshi Group committed up to 20% of the fund size as sponsor capital. The fund, which has a six-year horizon, is targeting six to eight high-end deals with an eye on self-liquidating real estate assets offering consistent cash flows and equity upside. The fund plans to allocate capital to Tier-1 developers, market leaders, and key players in high-potential micro-markets within real estate asset classes, with individual investments of up to ₹70 crore per transaction. "Securing the AIF license marks a significant milestone for us. Currently, we have three potential deals under due diligence, and we secured soft commitments from the Meenakshi Group, its network, and early investors," said Mahesh Katragadda, CEO, Meenakshi Alternates. The Hyderabad-based group developed 13 million sq ft of real estate so far and has another 9.5 million sq ft in the pipeline. It also has 371 MW power projects and developed over 650 km of highways.
Time of India
4 days ago
- Business
- Time of India
Meenakshi Alternates Launches Realty Focused ₹700 crore AIF
Meenakshi Group, a Hyderabad-based Realty and Clean Energy Conglomerate has launched its new financial services arm 'Meenakshi Alternates (M-Alts)' and its debut fund, Meenakshi Real Assets Fund for investments in real estate across top-tier cities in India. This SEBI-approved Category II AIF adopts a hybrid investment strategy by targeting 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 . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like After Losing Weight Kevin James Looks Like A Model 33 Bridges Undo The Meenakshi Real Assets fund, through a six-year horizon, targets 6 to 8 high-conviction deals, with a 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, market leaders, and key players in high-potential micro-markets within real estate asset classes, with individual investments of up to ₹70 crore per transaction. " Securing the AIF license marks a significant milestone for us," said Mahesh Katragadda, CEO of Meenakshi Alternates. "We are seeing strong early interest, and our team is evaluating prospective opportunities. Currently, we have three potential deals under due diligence , and we have secured soft commitments from the Meenakshi Group, its network, and early investors." Live Events "We are leveraging our established track record in real estate to offer institutional-grade, well-structured financial products. Building long-term trust, delivering consistent returns, and optimizing how capital is deployed to drive high-quality investment opportunities is our goal," Mahesh added . Meenakshi Group has 13 million sq. ft. delivered, 9.5 million sq. ft. in the pipeline, 371 MW of power projects, and over 650 lane kilometers of highways.
