WSB Real Estate Debt Fund over raises Rs 850 crore for residential real estate investments, ET RealEstate

September 5, 2023

NEW DELHI: WSB has raised over Rs 850 crore through fund, plus co-invest, surpassing its initial target commitment of Rs 500 crore.

The fund’s objective is to invest in residential real estate projects, particularly targeting the mid-income and affordable housing segments within select tier-I cities.

“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.

The fund has 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).

“More than 12,000 homes were developed/delivered through our portfolio in the last 4-5 years across 40+ projects” Desai added.

WSB Real Estate Partners has managed and committed over Rs 2,000 crore of debt capital to the residential real estate space till date. The group has achieved exits/partial exits in more than 75% of transactions.

  • Published On Sep 4, 2023 at 12:30 PM IST

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