Meenakshi Alternates launches realty-focused Rs 700 cr AIF

Hyderabad: Meenakshi Group, a Hyderabad-based Realty and Clean Energy Conglomerate has launched its new financial services arm “Meenakshi Alternates (M-Alts)” and its debut fund: Meenakshi Real Assets Fund for investments in real estate across top-tier cities in India. This SEBI-approved Category II AIF adopts a hybrid investment strategy by targeting a mix of debt and equity investments with a total corpus of Rs700 crore (including a Rs350 crore greenshoe option). Meenakshi Group has committed up to 20 per cent of the fund size as sponsor capital.

The Meenakshi Real Assets fund, through a six-year horizon, targets 6 to 8 high-conviction deals, with a focus on self-liquidating real estate assets that offer both consistent cash flows and equity upside. The fund aims to 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 Rs70 crore per transaction.

"Securing the AIF license marks a significant milestone for us," said Mahesh Katragadda, CEO of Meenakshi Alternates. "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."

"We are leveraging our established track record in real estate to offer institutional-grade, well-structured financial products. Building long-term trust, delivering consistent returns, and optimising how capital is deployed to drive high-quality investment opportunities is our goal," Mahesh added.