WSB Real Estate Partners is an alternative investment platform jointly held by the ex-India Management team of Walton Street, Kaushik Desai, Vinit Prabhugaonkar, Vimal Jangla, and Blacksoil Group. The real estate debt fund houses announced that they have achieved the target fund size of Rs 500 cr and stepped into the green shoe option for their latest Fund, WSBREDF II.
The fund will focus on using structured debt to invest in residential real estate projects serving the mid-income/affordable housing segment across select tier-I cities and will look to partner with developers with a good track of execution and delivery.
The fundraiser saw active participation from notable stakeholders, including large family offices, corporates, offshore investors, and HNIs. The group also announced its rebranding from Walton Street India to WSB Real Estate Partners. This is part of a concerted effort on the firm’s part to further build on its reputation as a trusted Manager with an institutional approach to Real Estate Investing.
Kaushik Desai, Managing Partner of WSB Real Estate Partners said, “We would like to sincerely thank our investors, partners, and stakeholders for reposing faith in us through repeat investments across multiple funds/ strategies since 2013, that has helped us grow this business over the last 9 years. WSBREDF II has successfully crossed its target of Rs 500 crore and stepped into green-shoe within just a year of launch. With a healthy deal flow pipeline and promising underlying RE fundamentals, we are optimistic of fully deploying the capital in the next 2-3 quarters.”
Talking about the rebranding of the Group, Mohinder Pal Bansal, Co-Founder of Blacksoil Group said, “We are very happy to have partnered with WSB’s management team, who helped build Walton Street Capital’s India debt business. The team’s understanding of Indian real estate and hands-on solution-oriented approach distinguishes them from others which is demonstrated by its successful track record. Having successfully achieved our target fund size, we rebrand into a position that better captures the essence of where we are today and where we want to be in the future.''
