Sundaram Alternates (SA), the specialist alternative investment arm of the Sundaram Finance Group, on Monday announced that its SA Real Estate Credit Fund V—an ESG-aligned real estate credit fund— secured nearly $111 million (Rs 1,000 crore) in capital commitments within three months of its launch in October 2025.
The fundraise remains open and is expected to conclude by March 2026, with a targeted final corpus of Rs 1,500-2,000 crore, the company said in a statement.
The fund attracted commitments from a diversified investor base comprising insurance companies, family offices, corporate treasuries, and ultra-high-net-worth investors. The financing also included a sponsor commitment from the Sundaram Finance Group.
“As the fundraise progresses toward its final close, our focus remains on disciplined capital deployment, capital protection, and building long-term investor relationships,” said Karthik Athreya, Managing Director, Sundaram Alternates.
SA has raised over Rs 3,800 crore across five real estate credit funds, delivering IRRs in the range of 18-19%. The fund is the fifth offering in SA’s established real estate-backed credit series.
SA serves high net-worth individuals, family offices, and institutional investors through offerings spanning alternate investment funds (AIFs), portfolio management services (PMS), and customised managed accounts across private credit, listed equities, and liquid fixed income strategies. Overall, SA manages approximately ₹9,000 crore in assets across private credit, liquid fixed income, and bespoke equity portfolios.
The real estate sector is projected to reach $1 trillion by 2030, contribute 13% to GDP, and is supported by strong indicators such as 89 million sq ft of office leasing in 2024 and a 35% YoY increase in FDI inflows in Q1 2025.
