High Yield Secured Real Estate Fund III

A 5-year close-ended fund investing in high yielding debentures and mezzanine securities1 of Indian entities involved with real estate, logistics, hotels and healthcare businesses.

Fund Details

Primary Product Features

  • ~70%-75%2: Focused on self-liquidating residential real estate project
  • ~25%-30%2: Special situation deals backed by commercial Assets / other physical collateral
  • Fund seeks to make regular pay-outs to investors based on individual deal structure
  • Selectively focuses on de-stressing/ de-bottlenecking identified Assets / corporate situation

Security

  • Estimated Cash Cover:

    ~1.5x to 2.0x

  • Estimated Hard Assets Cover:

    ~1.5x to 2.0x

Location

  • Predominantly South India –

    Tamil Nadu, Karnataka, Telangana, Kerala, Andhra Pradesh

  • Opportunistic investments in

    Maharashtra and NCR

Deal Metrics

  • ~INR 50-75 crores for 3-4 years
  • Listed/ Unlisted investments
  • Non-Convertible Debentures
  • Mezzanine (including warrants, CCPS)

Key Underwriting Philosophy

  • Downside protected investments
  • Multi-layered secured security structures


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1 Investment in securities is a function of structure, environment and the availability of the deal.
2 This is an estimate only and is subject to market conditions.

Disclaimer: Past performance may or may not be sustained in future. AIF schemes are not guaranteed and assured income schemes. AIF investments are subject to market risks and there is no assurance or guarantee that the objective of the investments will be achieved. For more information on AIF, please write to aifops@sundaramalternates.com

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Securities investments are subject to market risks and there is no assurance or guarantee that the objective of the investments will be achieved.