Fund News
WhiteBoard to launch $100-M urban assets AIF
Mumbai-headquartered WhiteBoard Financial Advisors and Management plans to launch its second alternative investment fund (AIF), an urban assets fund. The fund will have an initial corpus of USD 100 million and a greenshoe option of another USD 100 million, targeting offshore investors. WhiteBoard intends to set up an entity in GIFT City for the fund.The fund aims to provide growth capital across diversified asset classes, including data centers, warehousing, student and senior housing, residential, offices, malls, hotels, and schools. It will target an IRR of over 20% and will operate with a seven-year life cycle, with an option for a two-year extension.WhiteBoard currently manages over INR 500 crore in assets at a platform level and aims to scale its assets under management to INR 5,000-6,000 crore (approximately USD 600 million) between 2026 and 2029.
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