Business Economy


Hyd: Meenakshi Alternates launches Rs 700 crore Meenakshi Real Assets Fund

Hyderabad, Jun 2 (UNI) Meenakshi Group, a Hyderabad-based Realty and Clean Energy Conglomerate, on Monday announced the launch of its new financial services arm “Meenakshi Alternates (M-Alts)” and its debut fund: Meenakshi Real Assets Fund for investments in real estate across top-tier cities in India.
This SEBI-approved Category II AIF adopts a hybrid investment strategy by targeting a mix of debt and equity investments with a total corpus of Rs 700 crore (including a Rs 350 crore greenshoe option), the company said in a release here.
Meenakshi Group has committed up to 20 percent of the fund size as sponsor capital.
The Meenakshi Real Assets fund, through a six-year horizon, targets 6 to 8 high-conviction deals, with a focus on self-liquidating real estate assets that offer both consistent cash flows and equity upside.
The fund aims to allocate capital to Tier I developers, market leaders, and key players in high-potential micro-markets within real estate asset classes, with individual investments of up to Rs 70 crore per transaction.
Mahesh Katragadda, CEO of Meenakshi Alternates, said, "We are seeing strong early interest, and our team is evaluating prospective opportunities. Currently, we have three potential deals under due diligence, and we have secured soft commitments from the Meenakshi Group, its network, and early investors."
" Building long-term trust, delivering consistent returns, and optimizing how capital is deployed to drive high-quality investment opportunities is our goal," Mahesh added.
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