Fund Snapshot
| Year of Inception | |
| Number of Stocks | 15-20 |
| Investment Horizon | 3-5 Years |
| Fund Type | AIF Category II |
| Tenure of Fund | 5 years + 1-year extension |
| Minimum Commitment | 1 Crore |
Investment Philosophy
- By investing in equities and equity-related securities, the portfolio’s investment aim is to seek long-term capital appreciation and modest dividend income.
- Identify and invest in high-quality firms in industries with steady growth and ROE throughout the medium to long term and use Value Investing to make investment selections.
Investment Strategy of RE Structured Debt
- Geography – Concentrate on the Tier 1 metro regions of Mumbai, Bengaluru, Pune, NCR, Hyderabad, and Chennai, with more demand, liquidity, and transparent underwriting data.
- Property Type – The sponsor will also underwrite the company balance sheet and promoter position, often brownfield under construction residential and office developments that have reached financial closing.
- Investment Stage – Brownfield/greenfield projects that have received the necessary permits
- Target Companies – Top-tier developers from all around the world. Investment suggestions will be based on the relationship and credit history of the parties involved; however, investments in new connections may be made.
- Seniority – Senior secured debt with a loan-to-value ratio of up to 60% (LTV)
- Target Return – At the investment level, aim for a gross IRR in the region of 15% to 16% XIRR.
- Cash Flow Cover – Target 1.5-2.0x free cash flow minus senior debt servicing, as determined by cautious predicted free cash flows.
- Term – 30-42 months on average, with a 12- to 18-month lockout time.
- Control – Affirmative Rights: The fund’s affirmative permission would be required for key management decisions if a breach of the key covenants on control and management. Cash Flow Monitoring: An Escrow account would be set up to keep track of cash flows.
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Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Akshat Pandya
Over 17 years of real estate private equity, investment banking, and construction finance experience in India. Led and executed investments over> $ 350 million, has been a part of transactions > $ 3 billion. Has worked with AXIS Capital, ENAM, Lehman Brothers, and HDFC Limited Master’s degree in Management Studies (specializing in Finance) and a Bachelor’s degree in Commerce from the University of Mumbai
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Nikhil Toprani
Chief Financial Officer, Aditya Birla Real Estate Investment Advisory Over 14 years of experience in private equity, finance and treasury management Monitored over $1 billion of financial investments Has worked with Fidelity Growth Partners India, Blue River Capital, Tata Capital, and KPMG Nikhil is a qualified Chartered Accountant from ICAI, ICWA, and CFA and holds a bachelor’s degree in Commerce from Mumbai University
View Profile →Amit Kumar
Head Fund Raising, Aditya Birla Real Estate Investment Advisory Over 15 years of experience in fundraising and investor relations in both domestic and international markets Has worked with Milestone Capital, Deutsche Bank & DSP Merrill Lynch. Headed fundraising and investor relations function for Amplus Capital Raised over $100 million for various funds and platforms Bachelor’s in Commerce and Master’s in Commerce from Delhi University.MBA – Finance from IMT Ghaziabad.
View Profile →Abraham Finney
Investment Professional, Aditya Birla Real Estate Investment Advisory Over four years of experience in Real estate finance and Asset management Transaction experience of >$70 million Has worked with WeWork and Siemens, Munich and Mumbai Holds a postgraduate degree in management from IIM Calcutta and is a graduate of Anna university
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