Private Equity

PE-RE Fund Investments

Kolte Patil Family Office, Cerestra Ventures float JV with $100-M portfolio

Economic Times Print Edition  

KPFO Ventures, the investment arm of the Kolte Patil Family Office, and Cerestra Ventures have set up a joint venture to foray into the fractional ownership space with an initial portfolio of USD 100 million. The platform includes 10 educational institutes across top 10 cities and a 50% share in a science development centre in Pune. Cerestra Ventures, a real estate PE fund with assets under management of USD 170 million, and KPFO will invest via Winvest, a build proptech platform that will enable eligible investors to participate in a unique asset portfolio, active asset management and easy exit opportunities through the joint ownership model. KPFO will offer strategic guidance and seed investment while Cerestra will be the lead on asset identification, deal closures and post investment asset and investor management.