Latest news with #MeenakshiRealAssetsFund
Hindustan Times
3 days ago
- Business
- Hindustan Times
Meenakshi Group to raise up to ₹700 crore for a real estate-focused alternate investment fund
Hyderabad-based real estate firm Meenakshi Group has announced that it will raise up to ₹700 crore for a realty-focused alternative investment fund (AIF), the Meenakshi Real Assets Fund. The company has committed 20% of the corpus size as sponsor capital for the fund, the company said. The fund, with a total corpus of ₹700 crore (including a ₹350 crore greenshoe option), will follow a hybrid investment strategy by deploying capital across both debt and equity instruments, the company said. With a six-year investment horizon, the Meenakshi Real Assets Fund will target 6 to 8 high-conviction deals, focusing on self-liquidating real estate assets that offer a combination of steady cash flows and capital appreciation. The fund is geared toward working with Tier I developers operating in high-growth micro-markets across key urban centres, with deal sizes of up to ₹70 crore per transaction, the company said. Also Read: ASK Property Fund, ISIR-backed real estate AIF raises ₹500 crore for Investment in luxury housing projects 'Securing the AIF license allows us to bring institutional-grade, well-structured investment products to the market. We're already seeing strong early interest, and we have three deals currently under due diligence. We've also received soft commitments from the Meenakshi Group, its wider network, and early investors," Mahesh Katragadda, CEO of Meenakshi Alternates, said. 'Our goal is to build long-term trust and deliver consistent returns by leveraging our strong track record in real estate. We are focused on creating value through disciplined capital deployment and high-quality investment opportunities," he said.
Time of India
4 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.
