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WSB group, has recently launched its fourth SEBI registered Category II Alternative Investment Fund (AIF) with a targeted corpus of INR 1,000 crore, expandable by another INR 1,000 crore through a green shoe option. The fund along with coinvest has successfully raised over INR 700 crore, showcasing strong investor con?dence and support.
The Fund seeks to collaborate with developers renowned for their robust execution and delivery track records. Investments will be diversi?ed across various stages of the development cycle, ensuring prudent risk management and maximizing investor returns. This approach strategically aligns with meeting the growing demand for quality housing in urban pockets across the country.
“We thank our investors and partners for continued support provided to us. WSB is committed to driving growth and development in the real estate sector through strategic partnerships and investments in real estate projects. The track record that we have built so far showcases our ability of qualitative underwriting and active asset management, critical to delivering favourable risk adjusted returns to our investors. The fund has already initiated two investments and built a healthy pipeline, demonstrating our proactive investment strategy” said Kaushik Desai, Managing Partner of WSB.
In their previous fund, WSB exceeded their target by raising over INR 700 crore. The Fund was deployed across 14 transactions, 3 of which are fully exited with the IRR of ~23% and 4 transactions are partially exited
