Pioneers of the real estate credit strategy Invested via secured debt (Non-Convertible Debentures) in self-liquidating residential projects. This investment strategy helped many quality Indian developers tide over uncertain times, while realizing high returns for our investors.
Ability to identify opportunities early in the cycle In 2009, post the Global Financial Crisis, we recognised the capital dislocation in the industry had led to an acute shortage of funds for residential projects. In this capital scarce environment, we funded reputed developers through a credit strategy that reaped rich dividends and led to the creation of a whole new investment opportunity for the Indian real estate market.
Significant Development and Operating Experience Through our control investments, we have a strong understanding of the regulatory and approvals process in India, giving us an edge in the underwriting and due-diligence process. We have financed development of over 65 million sq. ft. of residential projects and over 6 million sq. ft. of commercial space.
Managing exits in difficult and volatile market situations We have a successful track record of achieving exits consistently, despite challenging market conditions, and are among the few asset managers in India to have returned significant proportion of invested capital across funds.