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Sundaram Alternates, a subsidiary of Sundaram Asset Management Company (SAMC), has successfully raised over INR 1,000 crore for its Sundaram Alternative Opportunities Series - High Yield Secured Real Estate Fund IV. The fund is primarily focused on South Indian micro-markets and is 70% deployed, delivering approximately 19% internal rate of returns (IRRs). With a proven track record of deploying over INR 3,200 crore into senior credit at 18-20% asset-level returns, the company aims to build resilient and diversified secured credit portfolios while tapping into rewarding opportunities.
Sundaram Alternates (SA), a USD 850 million alternate asset management company and part of the Sundaram Finance Group, has recently crossed the INR 1,000 crore milestone in fundraising for its Sundaram Alternative Opportunities Series - High Yield Secured Real Estate Fund IV. This achievement marks the fourth successful fund in SA's flagship real estate strategy, underscoring its expertise in the sector. Advertisement
This real estate-focused credit fund primarily targets South Indian micro-markets and collaborates with established developers. It is already 70% deployed, with the portfolio yielding nearly 19% internal rate of returns (IRRs).
The fund's strong performance has attracted a diverse pool of investors, including institutions, family offices, corporate treasuries, and high-net-worth individuals. SA's ability to deliver consistent returns despite challenges such as the 2018 NBFC crisis and the COVID-19 pandemic has further strengthened investor confidence.
Karthik Athreya, the director and head of Strategy - Private Credit at Sundaram Alternates, stated that the company has invested over INR 3,200 crore in senior credit over the years, achieving asset-level returns of 18-20%. He highlighted SA's strategy to build diverse, secured credit portfolios designed to withstand macro and microeconomic challenges while capitalising on risk-reward opportunities to deliver attractive returns.
Sundaram Alternates operates as a fully owned subsidiary of Sundaram Asset Management Company (SAMC) and Sundaram Finance. Sundaram Finance is a trusted brand with over seven decades of experience and a AAA-rated deposit-taking NBFC. This legacy and commitment to consistent returns further bolster investor confidence in SA's offerings.
Sundaram Alternates continues to establish itself as a key player in the real estate investment space, with its latest fund successfully attracting significant investment. The company's strategy of creating resilient and diversified portfolios positions it well to navigate economic uncertainties and capitalise on emerging opportunities, solidifying its reputation within the private credit landscape.
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