Private Equity

PE-RE Fund Investments

Artha Global invests Rs.700-Cr in NCDs of Hyderabad’s Phoenix Triton commercial project

Yourstory   Phoenix Triton  

Artha Global Opportunities Fund has completed its first private credit investment in India, committing INR 700 crore to fund the completion of Phoenix Triton , a premium commercial real estate project in Hyderabad's financial district.Structured as a four-year non-convertible debenture (NCD), the investment features a variable return model linked directly to project sales. The instrument includes a floor and cap on the interest rate, offering investors the potential for upside while aligning returns with the project’s cash flows. The structure is designed to reduce debt-servicing pressure on the developer during the project's final stages.Phoenix Triton is located at Puppalguda, in the financial district of Hyderabad. The project is spread over 3.15 acres and offers office spaces ranging from 5,000 sq. ft. to 1,00,000 sq. ft.Legal advisory for the transaction was handled by AZB & Partners, while tax structuring was supported by BSR & Co, a KPMG affiliate.