Poddar Keventer Capital Advisors to raise Rs.400-Cr for first real estate AIF

Kolkata-based investment management platform Poddar Keventer Capital Advisors plans to raise INR 400 crore for its maiden Category II AIF. The fund will provide structured financing to real estate projects, including luxury, premium, and mid-market developments.The fund, which has a target gross internal rate of return of 18% to 22%, includes a greenshoe option of INR 200 crore, potentially expanding the total corpus to INR 600 crore. The sponsors have committed 20% of the target corpus, amounting to INR 80 crore. The firm intends to support joint venture projects covering 11-12 million sq ft over the next six years.Founded in 2025, Poddar Keventer Capital was established by the Saroj Poddar Group, a diversified business conglomerate, and the Keventer Group, which has operations in real estate and FMCG.