WSB Group has launched its fourth SEBI-registered Category II Alternative Investment Fund (AIF), targeting a corpus of INR 1,000 crore, with an option to expand by an additional INR 1,000 crore. The fund, along with co-investments, has successfully raised over INR 700 crore, reflecting strong investor confidence and support.
The fund aims to collaborate with developers known for their solid execution and delivery records. Investments will be diversified across various stages of the development cycle, ensuring prudent risk management and maximizing investor returns. This strategy aligns with the increasing demand for quality housing in urban areas across the country.
“We appreciate the continued support from our investors and partners. WSB is dedicated to fostering growth and development in the real estate sector through strategic partnerships and investments in real estate projects. Our track record demonstrates our ability to conduct qualitative underwriting and active asset management, which are crucial for 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 surpassed their target by raising over INR 700 crore. The fund was deployed across 14 transactions, with 3 fully exited at an IRR of ~23% and 4 partially exited.
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By Ravi Kumar