WSB Group has announced the successful launch of its fourth SEBI-registered Category II Alternative Investment Fund (AIF), targeting a substantial corpus of INR 1,000 crore. The fund also has the potential to expand by an additional INR 1,000 crore through a green shoe option. This significant development highlights a robust endorsement from investors, having raised over INR 700 crore so far.
The new fund is strategically designed to partner with developers known for their solid execution and delivery capabilities. By diversifying investments across various stages of the real estate development cycle, the fund aims to implement prudent risk management practices and optimise investor returns. This approach aligns with the increasing demand for high-quality housing in urban areas across India. WSB Group expressed gratitude towards its investors and partners, emphasising their commitment to advancing the real estate sector through strategic investments and partnerships. An official statement from WSB highlighted their track record of effective underwriting and active asset management, which are essential for achieving favourable risk-adjusted returns. The fund has already initiated two investments and established a strong pipeline, reflecting their proactive investment strategy.
Previously, WSB Group exceeded their target by raising over INR 700 crore in their last fund, which was deployed across 14 transactions. Notably, three of these transactions have been fully exited with an internal rate of return (IRR) of approximately 23%, while four others are partially exited. This performance underscores WSB’s ability to deliver substantial returns and reinforces investor confidence in their capabilities. Overall, the latest fund’s success in garnering significant investment capital demonstrates continued strong interest in the Indian real estate market and highlights WSB Group’s growing influence and expertise in the sector.
