Hyderabad, June 2 -- Meenakshi Group, a Hyderabad-based Realty and Clean Energy Conglomerate, on Monday announced the launch of its new financial services arm "Meenakshi Alternates (M-Alts)" and its debut fund: Meenakshi Real Assets Fund for investments in real estate across top-tier cities in India.
This SEBI-approved Category II AIF adopts a hybrid investment strategy by targeting a mix of debt and equity investments with a total corpus of Rs 700 crore (including a Rs 350 crore greenshoe option), the company said in a release here.
Meenakshi Group has committed up to 20 percent of the fund size as sponsor capital.
The Meenakshi Real Assets fund, through a six-year horizon, targets 6 to 8 high-conviction deals, with a focus on self-liq...