Primary Product Focus

• Focus on residential projects, commercial selectively.
• Typically, 3 – 4-year deals; with amortizing loans
• Endeavour to create a diversified portfolio.
• Each investment around INR 50 crore
• Single company exposure is limited to a maximum of 25% of the fund.

Security Cover

•  A mix of transactions at various stages; the fund will largely focus on post approval projects and not take land stage risks unless backed by existing cash flows.
• Business cash flows are base case exit routes for loans i.e. non-capital markets correlated.

Geographical Focus

Medium yield secured credit to:

• Tier 1 developers for corporate funding backed by cash flows.
• Select Tier 2 & 3 developers for construction finance and working capital purposes (i.e. relatively lower execution risks) backed by mortgage + cash flows.

Deal Metrics

Opportunistic high yield secured credit to:

• Tier 2 & 3 developers predominantly in Chennai, Bangalore, Hyderabad & to a smaller extent, other select micro markets like Pune/ Mumbai for early stage working capital needs/ refinancing on-going projects backed by mortgage + cash flows.

*Subject to market conditions. Investment in securities is a function of structure, environment, and the availability of the deal.

Disclaimer: Securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the investments will be achieved. AIF schemes are not guaranteed and assured income schemes. Investments in AIF are subject to various risks viz. market risk, credit risk, investment risk, etc. and subject to various forces and factors for which the AMC has no control. This is for information purposes only and not a complete disclosure of every material fact, and terms and conditions. It does not constitute a prospectus or information memorandum or an offer to buy any securities or other investments. Please read the fund documents carefully before investing.