Sundaram Alternate Assets, has said that it aims to raise Rs 750 crore under its Sundaram High Yield Secured Real Estate Fund III.
The fund, which is open for subscription to domestic and international investors will close in Q2 of 2022. Karthik Athreya, Head of strategy, Alternate Credit, said that the funds have risk mitigation strategies that are differentiated in the market in terms of underwriting methods and diligence focus.
HNIs, family offices, insurance companies and large treasuries are expected to participate in the fund which targets consistent income and an alpha to other corporate credit and other fixed income returns, especially in a declining interest rate environment.
Mamtha Asokan, TNN, Chennai