Rising Straits Capital and 360 Realtors join hands to launch AIF

NEW DELHI: 360 Realtors, a real estate advisory firm, has joined hands with Rising Straits Capital, a real estate private equity firm, to launch a real estate dedicated Alternate Investment Fund (AIF), the company said in a media release.

The joint venture named 360 Rising Straits Management plans to raise Rs 100 crore and will provide last-mile funding and purchase real estate inventory in bulk in stressed real estate projects.

“In the current market conditions, last mile funding opportunities provide attractive risk adjusted returns. Investors enjoy high ROI which is secured by real estate inventory purchased at very attractive prices,” said Ankit Kansal, founder & MD, 360 Realtors.

“The inventory in a project that the fund will buy will be sold in 12-15 months. The investors will start getting distributions in a short time frame,” said Subhash Bedi, founder and chairman of Rising Straits Capital.