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Sundaram: The high yield credit investment fund, in line with its earlier three real estate credit funds, will provide investors access to a diversified portfolio of secured real estate investments, with an emphasis on self-liquidating residential projects. ....
“Real estate demand is looking strong despite rising prices,” says Karthik Athreya, Director and Head of Strategy, Alternative Credit, Sundaram Alternates. ....
The fund aims to create a largely growth-oriented portfolio and build key developer relationships within the real estate categories of mid-market residential, hybrid, and commercial projects. ....
Chennai-based Sundaram Alternates has launched its fourth high-yield credit fund, aiming to raise Rs 750 crore with a green shoe option of the same value, taking the targeted size to Rs 1,500 crore. The focus of the fund will be on sub-Rs 100 crore deals, with the aim of delivering gross deal returns ranging between 18% and 22% on a senior secured basis. ....