WSB Real Estate Debt Fund Surpasses Target, Raises Rs 850 Cr+ for Residential Investments

Mumbai, September 04, 2023: WSB, has raised INR 850 crore+ through Fund plus coinvest, surpassing its initial target commitment of Rs 500 crore. 

“This success in fundraising is a testament to the trust and confidence that investors have in our ability to identify and execute real estate opportunities for providing attractive risk-adjusted returns. In the present fund – WSBREDF II, over two-thirds of the fund is deployed across 12 transactions, securing two exits with ~23% gross IRR” said Kaushik Desai, managing partner and investment committee member of WSB “Amongst our distinguished developer partners, some of the notable names include Bollineni Group, Shapoorji Pallonji and Jain Housing. These partnerships reflect the trust and credibility that WSB has built within the real estate industry.”

A press release issued by the fund says that it has successfully raised capital from a diverse group of investors, including family offices, large corporate houses and domestic as well as offshore high-net-worth individuals (HNIs). This diversified investor base highlights the attractiveness of ’WSBREDF II’s investment strategy and the recognition of its potential in the Indian residential real estate market. The fund’s investments will play a pivotal role in providing quality housing solutions for mid-income and affordable housing segments while generating attractive returns for investors.