Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Sundaram Alternates launches third real estate fund
Sundaram Alternates (SA) has launched the Sundaram Alternative Opportunities Series–High Yield Secured Real Estate Fund III. SA is a 100% subsidiary of Sundaram Asset Management Company Ltd (SAMC), which is in turn owned by NBFC Sundaram Finance Ltd. SA currently manages two real estate funds. With a gross portfolio IRR (internal rate of return) of around 19%, its High-Yield Secured Debt Fund I is claimed to have repaid approximately 61% of capital in less than 3 years since final closing. The second real estate fund, High-Yield Secured Debt Fund-II, was recently closed and is currently in the phase of active portfolio construction.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.