Alt Capital Launches AYF III: Pioneering New Heights in Real Estate Investment

Alt Capital, a registered Category II Alternative Investment Fund manager, has unveiled the AltCap Yield Fund III (AYF III). Partnering with FundsIndia Private Wealth, the new fund aims to gather Rs. 1,000 crore, with a Rs. 200 crore green shoe option available. The launch leverages the successful track record of earlier funds AYF I and AYF II.

The new scheme is designed to invest in stable, high-performance, pre-leased Grade A/A+ office and warehouse assets, emphasizing reliable returns while mitigating greenfield development risks. With a projected internal rate of return between 16% and 18% over a 4-5 year hold period, AYF III strives for enhanced returns through strategic leverage.

Alt Capital's leadership, rich in experience from previous roles in firms like Blackstone Group, indicates a strong pipeline of Rs. 2,520 crore in growth areas like Bengaluru, NCR, and Pune. As India’s office market expands, influenced by global outsourcing and technology sector growth, AYF III emerges as a compelling venture for institutional investors and high net-worth individuals.