High Yield Secured Real Estate Fund III

A 5-year close-ended fund investing in high yielding debentures and mezzanine securities1 of Indian entities involved with real estate, logistics, hotels and healthcare businesses.

High Yield Secured Real Estate Fund III
Primary Features
Primary Product Features

~70%-75%2: Focused on self-liquidating residential real estate projects

~25%-30%2: Special situation deals backed by commercial assets/ other physical collaterals

Fund seeks to make regular pay-outs to investors based on individual deal structures

Selectively focuses on de-stressing/ de-bottlenecking identified assets/ corporate situations

Security
Security

Estimated Cash Cover:
~1.5x to 2.0x

Estimated Hard Asset Cover:
~1.5x to 2.0x

Location
Location

Predominantly South India –
Tamil Nadu, Karnataka, Telangana,
Kerala, Andhra Pradesh

Opportunistic investments in
Maharashtra and NCR

Deal Metrics
Deal Metrics

~INR 50-75 crores for 3-4 years

Listed/ Unlisted investments

Non-Convertible Debentures

Mezzanine (including warrants, CCPS)

Key Underwriting Philosophy
Key Underwriting Philosophy

Downside protected investments

Multi-layered secured security structures

1Investment in securities is a function of structure, environment and the availability of the deal.
2This is an estimate only and is subject to market conditions.

Disclaimer: Investments in AIF are subject to various risks viz. market risk, credit risk, investment risk, etc. and subject to various forces and factors for which the AMC has no control. This is for information purposes only and not a complete disclosure of every material fact, and terms and conditions. It does not constitute a prospectus or information memorandum or an offer to buy any securities or other investments. Please read the fund documents carefully before investing.