Arnya Realestates Fund Advisors, an alternative investment management firm founded in December 2023, specializing in real estate, announces the successful first close of its maiden Real Estate Debt Fund - Arnya Real Estate Fund – Debt. The fund has secured commitments of INR 375 crores from a diverse group of investors, ranging from family offices, ultra-high net-worth individuals (UHNWIs) and HNIs
The firm, founded by Sharad Mittal, is dedicated to offering a comprehensive range of real estate investment products, including debt, rental, and equity investments.The firm's maiden fund, launched in April 2024, aims for a corpus of INR 1,000 crores, with an additional green shoe option of INR 1,000 crores. This first close represents a significant milestone for the firm, reflecting growing confidence among investors in the real estate market and highlighting the broad appeal and strong interest in the firm’s investment approach.
The successful launch of the Arnya Real Estate Fund – Debt underscores the firm’s commitment to driving value and delivering superior results for its investors in a dynamic and evolving real estate market.
Commenting on the successful first close, Sharad Mittal Founder & CEO, Arnya Realestates Fund Advisors, stated, "The successful first close of the Arnya Real Estate Fund –Debt is a testament to the trust our investors have placed in us. We are committed to building an independent, real estate-focused investment management firm that offers a comprehensive range of products across debt, rental, and equity in the real estate sector. As our first venture into the debt space, this fund leverages our core strengths of focus, independence, and a proven track record to create value for our investors. We are deeply grateful for their confidence and continued support."
Registered as a Category II Alternative Investment Fund (AIF) with SEBI, the fund focuses on providing early-stage growth capital to the residential real estate sector, targeting Tier 1 developers in India's top eight cities. The fund aims to leverage its deep market expertise and strategic relationships to deliver superior performance and long-term value to its investors.
This announcement marks a new chapter for the firm as it continues to expand its footprint in the real estate investment landscape, committed to delivering superior risk-adjusted returns and fostering strong relationships with its investors.
