News
360 Realtors partners with Rising Straits to launch dedicated AIF
Real estate advisory 360 Realtors has entered into a partnership with Rising Straits Capital, a private equity firm, to launch a real estate- dedicated Alternate Investment Fund (AIF).
The newly-formed entity, named 360 Rising Straits Management Pvt Ltd, will act as the investment manager of the Fund, said a press release. It is eyeing to raise Rs 100 crore from HNIs, NRIs, and other domestic investors.
The AIF will provide last-mile funding and purchase real estate inventory in bulk in stressed real estate projects. The Fund is being distributed by leading wealth managers and investment bankers, added the release.
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