Corpus : US$ 103.5 mn Vintage : 2008 Focus : Real Estate Status : Investing		Amount Invested * : US$ 31.5 mn Number of Investments * : 2 No. of Divestments : - Gross Return : -
* Includes commitments

The Fund had raised USD 103.5 million during difficult capital raising conditions during 2008. The Fund will primarily invest in high-growth real estate assets across India. The Fund seeks to provide its investors with a return in excess of 20% IRR and will invest primarily in office, residential, retail, hospitality and mixed-use properties that will attract quality customers/ end users.

The fund has made 2 investments, The first one being a residential development in the city of Hyderabad in an secondary purchase from a large multinational fund facing distress during the financial crisis at a significant discount to the original investment value. The second investment is made in the Central Mumbai Suburb of Mumbai in a residential project with one of the leading developers in the city. 

The Fund has high quality, long term institutional investors with a understanding of real estate as an asset class. The investors are based out of Continental Europe and Scandinavian countries.