Prime Securities Launches Real Estate AIF with Target Corpus of Rs 1,000 Crore
New Delhi, June 11 (PTI) Prime Securities, a listed Sebi-registered merchant banker, announced the launch of its group company, Prime Litmus Investment Management Ltd, into the alternative investment fund (AIF) business. The company has launched the Prime Litmus Real Estate Opportunities Fund, targeting a corpus of Rs 1,000 crore, including a greenshoe option.
The Category II AIF has a target corpus of Rs 750 crore and a greenshoe option of Rs 250 crore. It will focus on structured credit investments in under-construction real estate projects across major markets such as the Mumbai Metropolitan Region, National Capital Region, Bengaluru, Chennai, Hyderabad, and Pune.
The fund will primarily invest in self-liquidating real estate projects backed by established developers, with an emphasis on strong cash-flow visibility and robust security structures. It aims to generate target annual returns of 18-20 per cent through conservative underwriting and asset management practices.
Prime Litmus Investment Management Ltd is a joint venture between Prime Research and Advisory Ltd, a subsidiary of Prime Securities Ltd, and Litmus Global Services LLP.
'The launch of Prime Litmus Real Estate Opportunities Fund represents an important milestone in Prime Securities' expansion into the Alternative Investment Fund management. India's real estate sector is undergoing structural transformation led by consolidation, formalisation, and increasing institutional participation. The launch of our AIF business is Prime's commitment to create and diversify investment platforms/solutions to address evolving investor needs,' Prime Securities Director Akshay Gupta said.
Litmus Global Services LLP Managing Partner Apoorv Kumar added that the platform aims to provide solution-oriented capital while maintaining strong governance and transparency standards.
