TFCI Takes Lead in Hospitality and Real Estate Investment Funds

New Delhi, Jan 4 (PTI) - Tourism Finance Corporation of India Limited (TFCI) has taken a significant step in the investment landscape by announcing its role as a co-sponsor and anchor investor in two major funds. TFCI will act as a co-sponsor and anchor investor of the Holystone Hospitality Fund, an equity-focused Category II Alternative Investment Fund (AIF), with an investment of up to 5% of the corpus. Additionally, TFCI has decided to become an anchor investor in the Certus Real Estate Fund, another Category II AIF, with an investment of up to 10% of the total fund size.

The company has filed applications for the registration of both funds with the Securities and Exchange Board of India (SEBI). These moves are part of TFCI's broader strategy to support and enhance the tourism, hospitality, and real estate sectors in India.

TFCI, a specialized Non-Banking Financial Company (NBFC), has been a key player in providing financial assistance across various sectors, including tourism and hospitality infrastructure, manufacturing, renewable energy, social and urban infrastructure, and real estate. The company's decision to co-sponsor and invest in these funds underscores its commitment to fostering growth and development in these critical areas.

The Holystone Hospitality Fund aims to capitalize on the growing demand for quality hospitality infrastructure in India. By focusing on equity investments, the fund seeks to support the development and expansion of hotels, resorts, and other hospitality projects. TFCI's role as a co-sponsor and anchor investor will provide the necessary financial backing and strategic guidance to ensure the success of these initiatives.

Similarly, the Certus Real Estate Fund is designed to invest in a diverse range of real estate projects, from residential and commercial developments to mixed-use complexes. TFCI's 10% investment in this fund will help drive the development of sustainable and high-quality real estate projects across the country.

These investments are expected to have a significant impact on the Indian economy, particularly in the wake of the challenges posed by the global pandemic. The hospitality and real estate sectors have been hit hard by the crisis, and TFCI's involvement in these funds is a crucial step towards recovery and growth.

TFCI's strategic investments in these funds align with the broader government initiatives to boost infrastructure development and economic growth. The company's strong track record and expertise in the financial sector will be instrumental in ensuring the success of these funds and the projects they support.

As the applications for registration are processed by SEBI, TFCI remains committed to its mission of providing innovative financial solutions and fostering sustainable development. The company's leadership in these initiatives is a testament to its vision and commitment to the Indian economy.

For more information on TFCI and its various initiatives, visit their official website or contact their customer service team. TFCI's involvement in these funds is a promising development for the hospitality and real estate sectors, and it is expected to create new opportunities for growth and investment in the coming years.