Curation Team
NEW DELHI: Sundaram Alternates (SA), the alternative investment arm of Sundaram Finance Group, has closed its second real estate credit fund – Sundaram Alternative Opportunities Series – High Yield Secured RE Debt Fund II (SA RE Credit Fund II).
The fund delivered a gross investor IRR of 17% post exiting its portfolio investments in its ₹435 crore SA RE Credit Fund II.
SA RE Credit Fund II invested a 100% of its portfolio in fully secured, high-yielding debentures issued by Indian real estate developers.
The SA RE credit portfolio currently generates an annual cash yield of ~15-16% for its investors.
The platform has recorded 38 complete exits and over 10 partial exits aggregating to over ₹2,600 crore over the past eight years. To date, SA has deployed over ₹4,200 crore across 74 deals with contracted IRRs of 19%.
