WSB group has launched its fourth SEBI registered Category II Alternative Investment Fund (AIF) with a targeted corpus of Rs 1,000 crore, expandable by another Rs 1,000 crore through a green shoe option. The fund along with coinvest has successfully raised over Rs 700 crore, showcasing strong investor confidence and support.
The fund seeks to collaborate with developers renowned for their robust execution and delivery track records. Investments will be diversified across various stages of the development cycle, ensuring prudent risk management and maximizing investor returns. This approach strategically aligns with meeting the growing demand for quality housing in urban pockets across the country.
“WSB is committed to driving growth and development in the real estate sector through strategic partnerships and investments in real estate projects. The track record that we have built so far showcases our ability of qualitative underwriting and active asset management, critical to delivering favorable risk adjusted returns to our investors. The fund has already initiated two investments and built a healthy pipeline, demonstrating our proactive investment strategy,” said Kaushik Desai, managing partner of WSB.
In their previous fund, WSB exceeded their target by raising over Rs 700 crore. The Fund was deployed across 14 transactions, 3 of which are fully exited with the IRR of ~23% and 4 transactions are partially exited.
