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Funds -- Active Funds -- Saffron RE-I
Saffron India Real Estate Fund I
Corpus : US$ 103.5 mn
Vintage : 2008
Focus : Real Estate
Status : Invested
 
Number of Investments * : 3
No. of Divestments : 2
* 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 invest primarily in office, residential, retail, hospitality and mixed-use properties that will attract quality customers/ end users.

The fund has made 3 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 & third investments are made in the Central Mumbai Suburbs in two residential projects with leading developers in the city. The investment in Hyderabad and one investment in Mumbai have been divested completely. 

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.

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