Walton Street BlackSoil Real Estate Debt Fund II on Thursday said it has made a first close of ₹360 crore and will offer debt financing to largely mid-income, residential projects in the top six cities.
The fund has a target corpus of ₹500 crore, with a greenshoe option of ₹250 crore. Domestic high net-worth individuals (HNIs) and family offices have invested in the fund, which will be fully raised by December. The debt fund is registered with the Securities and Exchange Board of India (Sebi) as a Category II Alternative Investment Fund (AIF).
