India, June 3 -- Hyderabad-based real estate firm Meenakshi Group has announced that it will raise up to Rs.700 crore for a realty-focused alternative investment fund (AIF), the Meenakshi Real Assets Fund. The company has committed 20% of the corpus size as sponsor capital for the fund, the company said.

The fund, with a total corpus of Rs.700 crore (including a Rs.350 crore greenshoe option), will follow a hybrid investment strategy by deploying capital across both debt and equity instruments, the company said.

With a six-year investment horizon, the Meenakshi Real Assets Fund will target 6 to 8 high-conviction deals, focusing on self-liquidating real estate assets that offer a combination of steady cash flows and capital appreciation....