Venture Intelligence (TSJ Media Pvt. Ltd.)
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BlackSoil Real Estate Debt Fund II raises Rs.360-Cr
Walton Street BlackSoil Real Estate Debt Fund II (WSBREDF-II), with a target fund size of INR 500 crore, has secured commitments of INR 360 crore for its first closing. It has raised the funds so far for financing middle-income housing projects in major cities. The fund, which has an additional green-shoe option of INR 250 crore, plans to invest the generated funds into self-liquidating senior secured debt instruments, focusing on middle-income residential real estate projects across the tier I cities of Bengaluru, Hyderabad, Chennai, Mumbai, Pune and Delhi-NCR. The debt fund is registered with Sebi as a Category II Alternative Investment Fund (AIF). BlackSoil and the former India-based management team of US real estate investment advisor Walton Street Capital, L.L.C. (Walton Street Capital) joined forces to acquire Walton Street India's real estate debt business. The India management team is led by Kaushik Desai, Vinit Prabhugaonkar and Vimal Jangla.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.