Sundaram Alternates Wraps Up Second Realty Fund at 17% IRR


NEW DELHI: Sundaram Alternates (SA), the investment division of Sundaram Finance Group, has successfully concluded its second real estate credit fund, named Sundaram Alternative Opportunities Series – High Yield Secured RE Debt Fund II (SA RE Credit Fund II).

The fund achieved a gross investor IRR of 17% after exiting its portfolio investments, amounting to ₹435 crore.

SA RE Credit Fund II invested entirely in fully secured, high-yielding debentures from Indian real estate developers.

Currently, the SA RE credit portfolio yields an impressive annual cash return of approximately 15-16% for investors. Over the last eight years, the platform has recorded 38 complete exits and over 10 partial exits, aggregating more than ₹2,600 crore. To date, SA has invested over ₹4,200 crore across 74 deals, achieving contracted IRRs of 19%.

  • Published On Oct 6, 2025 at 02:00 PM IST

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