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…