Motilal Oswal Alternates raises Rs 2,000-Cr through sixth real estate fund

Mumbai-based Motilal Oswal Alternates (MO Alternates), the alternative investments arm of Motilal Oswal Group, has raised over INR 2,000 crores through final close of its sixth real estate fund Indian ‘Realty Excellence Fund VI (IREF-VI)’ marking the largest domestic capital raises in India’s real estate credit space.A major portion of the capital of the fund was raised from family offices and Indian high networth individuals. The fund has also secured commitments from offshore investors through the GIFT City platform.The fund has committed 75% of the corpus across 15 diverse real estate projects spanning Mumbai, Pune, Chennai, Bangalore, Hyderabad, and Kolkata.The platform’s cumulative assets under management (AUM) in real estate are over INR 10,000 crore across six real estate funds and co-investments. The platform has made over 180 investments and secured 110 complete exits.