NEW DELHI: Sundaram Alternates (SA), an alternate assets manager, has raised over Rs 1,000 crore in its Sundaram Alternative Opportunities Series – high yield secured real estate fund IV.
The SA RE Credit Fund IV will focus primarily on South Indian micro markets with established developers. The fund is 70% deployed in a portfolio that is yielding close to 19% IRRs.
Karthik Athreya, director & head of Strategy – Private Credit at the company said, “Over the years, SA has deployed over Rs 3,200 crore into senior credit at 18-20% asset level returns. SA’s goal on the private credit business is to create diverse secured credit portfolios that are resilient in the face of macro and micro headwinds while being able to tap into interesting risk-reward opportunities that deliver attractive returns.”
Sundaram Alternate Assets is a 100% subsidiary of Sundaram Asset Management Company (SAMC) and Sundaram Finance.
