‘Credential India Realty Fund’ is the first scheme of the AIF.
The fund focuses on investments in self-liquidating Real Estate assets like residential, commercial and warehousing projects to earn superior risk adjusted return.
It has a target corpus of Rs 500 Cr (plus Rs 200 cr green shoe option). The term of the Fund is 7 (seven) years from the First Closing.
The Fund will primarily invest across leading urban and metropolitan regions including Kolkata Metropolitan Region (Greater Kolkata), Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Chennai, Hyderabad, Pune, Ahmedabad, Bhubaneshwar, and other select cities as identified by the Investment Manager from time to time.
Axis Trustee Services Limited
Kfin Technologies Limited
ICICI Bank Limited
Price Waterhouse Coopers LLP (PWC)
IC RegFin Legal Partners LLP
SKI Capital Services Limited
The Fund will primarily invest across leading urban and metropolitan regions including Kolkata Metropolitan Region (Greater Kolkata), Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Chennai, Hyderabad, Pune, Ahmedabad, Bhubaneshwar, and other select cities as identified by the Investment Manager from time to time.
The Fund's investment approach is designed to generate attractive risk-adjusted returns through diversified exposure to real estate opportunities, with a focus on residential and commercial projects within city and suburban limits. The key strategic principles include :
Investments in securities of portfolio companies engaged in residential, commercial or mixed-use real estate development.Cash flows generated by these investee entities will be used for redemption of investments,in compliance with applicable laws and regulations
Investments in entities or SPVs acquiring and managing real estate assets such as office parks, IT/business parks, warehousing, hospitality, education, or retail spaces. These assets are expected to deliver stable rental yields and long-term capital appreciation, with a typical investment horizon of 3-5 years.
The Fund will prioritize investments with reputed and experienced developers having a strong record of execution, financial discipline, and governance.
Deployment through structured debt, mezzanine instruments, and equity-linked securities such as non-convertible debentures (NCDs), convertible debentures, preference shares (including CCPS), or equity shares. Instruments may have redemption premiums based on the performance and profitability of the projects, subject to the Companies Act, 2013 and AIF Regulations.
Investments may be considered across various stages of a project’s lifecycle—pre-approval, under-construction, or near-completion. The Fund may also evaluate special situation assets, including acquisitions from banks, NBFCs, or other financial institutions, in accordance with applicable law.
All investment activities shall adhere strictly to the Companies Act, 2013, SEBI (Alternative Investment Funds) Regulations, 2012 (as amended), the Foreign Exchange Management Act, 1999, and other applicable laws and regulations, including SARFAESI. The Fund shall not undertake lending or any activities prohibited under the AIF Regulations.
Our Investment Committee comprises of seasoned and meticulous professionals with multifaced experience across Banking, Asset Management and Real Estate sectors. The team will oversee and ensure compliance with regulations alongside undertaking responsibilities for investment decision-making.
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