Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Sundaram Alternates returns Rs.435-Cr real estate credit fund with 17% IRR
Sundaram Alternates (SA), the alternative investment arm of Sundaram Finance Group, has announced the successful closure and exit of its second real estate credit fund, Sundaram Alternative Opportunities Series - High Yield Secured RE Debt Fund II (SA RE Credit Fund II) which had raised approximately INR 435 crore, and delivered a gross investor Internal Rate of Return (IRR) of 17 per cent.The fund had invested its entire portfolio in fully secured, high-yielding debentures issued by Indian real estate developers, with a primary focus on key South Indian micro-markets.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.