Meenakshi Alternates Launches Rs 700 Crore Real Assets Fund for Indian Real Estate
Meenakshi Group, a leading Hyderabad-based real estate and clean energy conglomerate, has announced the launch of its new financial services arm, Meenakshi Alternates (M-Alts), along with its debut fund: Meenakshi Real Assets Fund. This SEBI-approved Category II AIF aims to invest in real estate assets across top-tier cities in India.
Real EstateMeenakshi GroupMeenakshi AlternatesReal Assets FundInvestment StrategyReal EstateJun 02, 2025
The Meenakshi Real Assets Fund has a total corpus of Rs 700 crore, including a Rs 350 crore greenshoe option. The fund adopts a hybrid investment strategy, targeting a mix of debt and equity investments. Meenakshi Group has committed up to 20 percent of the fund size as sponsor capital.
Over a six-year horizon, the Meenakshi Real Assets Fund aims to target 6 to 8 high-conviction deals, focusing on self-liquidating real estate assets that offer both consistent cash flows and equity upside. The fund will allocate capital to Tier I developers, market leaders, and key players in high-potential micro-markets within real estate asset classes, with individual investments of up to Rs 70 crore per transaction.
Mahesh Katragadda, CEO of Meenakshi Alternates, said, “We are seeing strong early interest, and our team is evaluating prospective opportunities. Currently, we have three potential deals under due diligence, and we have secured soft commitments from the Meenakshi Group, its network, and early investors.”
Building long-term trust, delivering consistent returns, and optimizing how capital is deployed to drive high-quality investment opportunities is the primary goal of Meenakshi Alternates. The company is poised to make significant contributions to the real estate sector in India, leveraging its expertise and strategic partnerships to create value for investors and stakeholders alike.
Meenakshi Group, known for its diverse portfolio in real estate and clean energy, has a strong track record of successful projects and a commitment to sustainable development. The launch of Meenakshi Real Assets Fund marks a significant step in the company's strategy to diversify its investment portfolio and capitalize on the growing real estate market in India.
For more information about Meenakshi Group and its initiatives, visit their official website or contact their investor relations team.
Frequently Asked Questions
What is the total corpus of the Meenakshi Real Assets Fund?
The total corpus of the Meenakshi Real Assets Fund is Rs 700 crore, including a Rs 350 crore greenshoe option.
What is the investment strategy of the Meenakshi Real Assets Fund?
The fund adopts a hybrid investment strategy, targeting a mix of debt and equity investments in self-liquidating real estate assets.
How many high-conviction deals does the fund aim to target over a six-year horizon?
The fund aims to target 6 to 8 high-conviction deals over a six-year horizon.
Who is the CEO of Meenakshi Alternates?
The CEO of Meenakshi Alternates is Mahesh Katragadda.
What is the maximum investment per transaction for the Meenakshi Real Assets Fund?
The maximum investment per transaction for the Meenakshi Real Assets Fund is Rs 70 crore.
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