Alternative Investment

triveda capital: TriVeda Capital to raise ₹200cr for realty projects

TriVeda Capital, a Sebi-registered Alternative Investment Fund (AIF), plans to raise a ‘200-crore AIF corpus to invest in plotted development projects.

The fundraising involves retaining an additional ’50 crore through a green-shoe option. A Category II Alternative Investment Fund (AIF), Bangalore Opportunity, focuses on plotted development and residential assets in major South Indian metropolitan areas.

The fund targets garnering $1 billion worth ofAUM in next five years.

The fund, with a 5-year tenure, is targeting a first close in the coming quarters.

“The fund will invest Rs 15-50 crore per project with end-to-end project life cycles of 3 years. We are targeting an IRR of 18%-21%,” said Raj S Inamdar, a partner at Triveda Capital.

The firm already has a pipeline of two plotted transaction deals in Bangalore, totalling 25 acres and 4 acres, respectively.

“We intend to focus on the Bangalore market as there is sufficient depth to scale up,” said Ravindra Pai, MD, Century Real Estate Holdings. He is a partner at the newly launched fund.TriVeda Capital is a new-age Indian real estate investment platform founded by P. Ravindra Pai, MD, Century Real Estate Holding, and Raj S. Inamdar, founder of Sorani Capital LLC.

Jointly, both partners have executed over $2+ billion transactions and managed an active development portfolio exceeding over 15 million square feet.

AIFs are expected to drive much-needed liquidity into the Indian real estate sector.

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