Sundaram Alternates Real Estate Credit Fund IV crosses Rs 1,000 Crore in capital commitments
[hfe_template id='11223']
[ad_1]
Sundaram Alternates (SA), a $850 million alternative asset manager and a part of the Sundaram Finance Group, has deployed Rs 1000 crore across multiple deals in real estate in the last 7 months. .
" Our focus has always been on making secured investments that generate consistent returns while protecting our investors’ capital. Over the years, SA has deployed over Rs 3,200 crore into senior credit at 18-20% asset level returns, which provides a strong buffer to deliver consistent mid-teen net returns to investors,” said Karthik Athreya, Director & Head of Strategy - Private Credit at Sundaram Alternates.
The fund has attracted a diverse pool of investors across institutions, family offices, corporate treasuries and high-net-worth individuals given the strong emergence of real estate as an asset class.
“Majority of our LPs are repeat investors who have appreciated Sundaram’s risk-mitigated and cautious approach to underwriting and prioritisation on capital safety and risk management. SA’s goal on the private credit business is to create diverse secured credit portfolios that are resilient in the face of macro and micro headwinds while being able to tap into interesting risk-reward opportunities that deliver attractive returns”, he said.
[ad_2]
Source link
https://mrgaga.in/sundaram-alternates-real-estate-credit-fund-iv-crosses-rs-1000-crore-in-capital-commitments/?feed_id=45999&_unique_id=6788616f630a1
The Sundaram Alternative Opportunities Series – High Yield Secured Real Estate Fund IV has closed 12 deals aggregating to around 70% of funds raised to date with the portfolio yielding close to 19% IRR.
" Our focus has always been on making secured investments that generate consistent returns while protecting our investors’ capital. Over the years, SA has deployed over Rs 3,200 crore into senior credit at 18-20% asset level returns, which provides a strong buffer to deliver consistent mid-teen net returns to investors,” said Karthik Athreya, Director & Head of Strategy - Private Credit at Sundaram Alternates.
The SA RE Credit Fund IV will focus primarily on South Indian micro markets with established developers who have strong execution strengths of timely deliveries in the mid-market residential segment.
The fund has attracted a diverse pool of investors across institutions, family offices, corporate treasuries and high-net-worth individuals given the strong emergence of real estate as an asset class.
“Majority of our LPs are repeat investors who have appreciated Sundaram’s risk-mitigated and cautious approach to underwriting and prioritisation on capital safety and risk management. SA’s goal on the private credit business is to create diverse secured credit portfolios that are resilient in the face of macro and micro headwinds while being able to tap into interesting risk-reward opportunities that deliver attractive returns”, he said.
Comments
Post a Comment