360 Realtors has entered into a partnership with Rising Straits Capital to launch a real estate dedicated Alternate Investment Fund (AIF).
The newly formed entity, 360 Rising Straits Management, will act as an investment manager of the fund. 360 Rising Straits is eyeing to raise Rs 100 crore from HNIs, NRIs, and other domestic investors. The AIF will provide last-mile funding and purchase real estate inventory in bulk in stressed real estate projects. The fund is being distributed by leading wealth managers and investment bankers.
“In the current market conditions, last mile funding opportunities provide attractive risk adjusted returns. Investors enjoy high RoI which is secured by real estate inventory purchased at very attractive prices,” said Ankit Kansal, founder & MD, 360 Realtors.
“The inventory in a project that the fund will buy will be sold in 12-15 months,” said Subhash Bedi, founder and chairman of Rising Straits Capital.
