Private Equity

Liquidity Events

Nisus Fund exits from Shapoorji Pallonji unit Suvita Real Estate

Economic Times   Nisus Finance  

Real estate credit fund Nisus Finance ’s Real Estate Special Opportunities Fund - 1 (RESO-I) has exited from Suvita Real Estate, a wholly-owned subsidiary of Shapoorji Pallonji Real Estate (SPRE), with an internal rate of return (IRR) of 18.74%, marking the fund’s maiden exit.RESO-I had invested INR 105 crore into senior secured rated listed non-convertible debentures (NCDs) issued by Suvita Real Estate in January 2024. These debentures were listed in the wholesale debt segment of the BSE. The investment aided SPRE’s project acceleration in Pune’s affordable housing market.