NEW DELHI: Altern Capital, an investment management company, has launched its maiden SEBI-approved category II alternative investment fund (AIF) named JIRAAF AU INDIA REAL ESTATE FUND – I (JIREF I).
The target size of this fund is Rs 250 crore, with an additional greenshoe option of Rs 100 crore. AI Growth is the sponsor of JIREF I.
The fund will focus on plotted development and last-mile funding and its tenor is four years.
