360 Realtors partners with Rising Straits to launch dedicated AIF

Real estate advisory 360 Realtors has entered into a partnership with Rising Straits Capital, a private equity firm, to launch a real estate- dedicated Alternate Investment Fund (AIF).

The newly-formed entity, named 360 Rising Straits Management Pvt Ltd, will act as the investment manager of the Fund, said a press release. It is eyeing to raise Rs 100 crore from HNIs, NRIs, and other domestic investors.

The AIF will provide last-mile funding and purchase real estate inventory in bulk in stressed real estate projects. The Fund is being distributed by leading wealth managers and investment bankers, added the release.

“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. “360 Realtors & Rising Straits has already invested Rs 20+ crores in such deals and realised returns of 30 per cent + over last 12 months,” added Kansal.