The fund aims to create a largely growth-oriented portfolio and build key developer relationships within the real estate categories of mid-market residential, hybrid, and commercial projects.
Chennai-based Sundaram Alternates has launched its fourth high-yield credit fund, aiming to raise Rs 750 crore with a green shoe option of the same value, taking the targeted size to Rs 1,500 crore. The focus of the fund will be on sub-Rs 100 crore deals, with the aim of delivering gross deal returns ranging between 18% and 22% on a senior secured basis.
Sundaram Alternates Assets, a subsidiary of the Sundaram Group, is planning to raise up to ₹1,500 crore through its fourth real estate private credit fund, the Private Credit High Yield Real Estate Fund IV (RE Credit Fund IV) that will focus on investments in growth and special situation opportunities.
In an interaction with Business Today Prasun Sikdar, MD and CEO, ManipalCigna Health Insurance talks about how the health insurance industry is shaping up post pandemic.