Meenakshi Alternates launches realty-focused ₹700 crore AIF

NEW DELHI: Hyderabad-based Meenakshi Group has launched its new financial services arm – Meenakshi Alternates (M-Alts) and its fund Meenakshi Real Assets Fund for investments in real estate across top-tier cities in India.

This SEBI-approved Category II AIF will target a mix of debt and equity investments with a total corpus of ₹700 crore (including a ₹350 crore greenshoe option). Meenakshi Group has committed up to 20% of the fund size as sponsor capital.

The fund will focus on self-liquidating real estate assets that offer both consistent cash flows and equity upside. The fund aims to allocate capital to tier I developers with individual investments of up to ₹70 crore per transaction.

“Currently, we have three potential deals under due diligence, and we have secured soft commitments from the Meenakshi Group, its network, and early investors,” said Mahesh Katragadda, CEO of Meenakshi Alternates.

  • Published On Jun 2, 2025 at 12:30 PM IST

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