Nisus and BCD raise Rs 4.5 billion for first real estate fund
Real Estate

Nisus and BCD raise Rs 4.5 billion for first real estate fund

Real estate credit fund Nisus Finance, in partnership with its sponsor and strategic partner BCD Group, has raised Rs 4.5 billion for its debut fund. The firm aims to complete the final fundraising for its Real Estate Special Opportunities Fund-1 (RESO-1) by the end of the current financial year.

"We are in the process of raising an additional Rs 1.5 billion and have received a strong response from both existing and new investors. There is a growing need for last-mile construction finance, with many projects still stuck in the completion phase," said Amit Goenka, Managing Director and CEO, Nisus Finance.

Nisus Finance has already invested Rs 4.5 billion across four deals through RESO-1, managed by Nisus BCD Advisors LLP, with a total corpus of Rs 7 billion. Recent investments include Rs 600 million via listed non-convertible debentures in the late-stage residential development Project High Cliff in Bengaluru, and approximately Rs 1.05 billion in Shapoorji Pallonji Real Estate's subsidiary, Suvita Real Estate, for a 12.16-acre land parcel in Pune's Manjari-Budruk locality.

The fund focuses on investing in mid-income, affordable housing, and plotted development projects, aiming to unlock value through capital in a special situation fund. "The fund targets an internal rate of return of 18-22% over a five-year period, with the option to extend for an additional two years. It focuses on generating substantial alpha while ensuring a well-mitigated risk profile and sufficient asset backing," Goenka added. (ET)

Real estate credit fund Nisus Finance, in partnership with its sponsor and strategic partner BCD Group, has raised Rs 4.5 billion for its debut fund. The firm aims to complete the final fundraising for its Real Estate Special Opportunities Fund-1 (RESO-1) by the end of the current financial year. We are in the process of raising an additional Rs 1.5 billion and have received a strong response from both existing and new investors. There is a growing need for last-mile construction finance, with many projects still stuck in the completion phase, said Amit Goenka, Managing Director and CEO, Nisus Finance. Nisus Finance has already invested Rs 4.5 billion across four deals through RESO-1, managed by Nisus BCD Advisors LLP, with a total corpus of Rs 7 billion. Recent investments include Rs 600 million via listed non-convertible debentures in the late-stage residential development Project High Cliff in Bengaluru, and approximately Rs 1.05 billion in Shapoorji Pallonji Real Estate's subsidiary, Suvita Real Estate, for a 12.16-acre land parcel in Pune's Manjari-Budruk locality. The fund focuses on investing in mid-income, affordable housing, and plotted development projects, aiming to unlock value through capital in a special situation fund. The fund targets an internal rate of return of 18-22% over a five-year period, with the option to extend for an additional two years. It focuses on generating substantial alpha while ensuring a well-mitigated risk profile and sufficient asset backing, Goenka added. (ET)

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000