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Fund Snapshot
| Year of Inception | June 2021 |
| Number of Stocks | 15-20 |
| Investment Horizon | 5 years |
| Fund Managers | Sundaram Alternate Assets Limited (SA) |
Investment Objective
- The main investment objective of the Sundram High Yield Secured Real Estate Fund III is to undertake activities of a Category II AIF and invest in high yielding debentures and mezzanine securities (including equities), of Indian entities involved with real asset industries that may include (but not limited to) real estate (residential, commercial, retail), logistics (warehouses, supply chain facilities, data centers, etc.), hotels (including hostels, resorts) and healthcare facilities (hospitals, senior care homes, etc.). The investments will predominantly be backed by real estate. The instruments will be secured by monetizable assets, related cash flow streams and corporate guarantees, etc.
- The Sundram High Yield Secured Real Estate Fund III’s investments will mainly focus on de–stressing / de–bottlenecking identified assets / corporate situations via a combination of refinancing existing financiers, last mile funding, rescue financing, acquiring distressed assets and restructuring them with the goal of realizing value and cash from such businesses and companies. The Fund will also seek to acquire portfolios of stressed / distressed assets / secondary debt securities / NCDs from stressed financiers as part of its investment strategy.
Sundram High Yield Secured Real Estate Fund III
A 5-year close-ended fund investing in high yielding debentures and mezzanine securities1 of Indian entities involved with real estate, logistics, hotels and healthcare businesses.
SENIOR SUNDARAM GROUP INVOLVEMENT IN THE BUSINESS – STRONG ACCOUNTABILITY & OVERSIGHT
Harsha Viji (Promoter) currently Executive Vice Chairman, Sundaram Finance heading strategy & capital across the Group. Has actively managed the asset mgt. business as MD of Sundaram AMC. Handled strategy, JVs, new business for over a decade and a total of 21 years of experience including at PwC & McKinsey. Commerce graduate, CA & MBA from Ross, U Michigan.
M Ramaswamy has been with Sundaram Finance for over 30 years in various positions and is currently the CFO handling Treasury, Accounting, Taxation & MIS. On the boards of other Sundaram group companies. Also handles risk management & ALM at SF as well as Sundaram Home Finance. He is CA and was a member of Madras Chamber of Commerce & Industry.
Lakshminarayanan Duraiswamy is MD at Sundaram Home Finance. Prior, he was the COO of Sundaram AMC, He has been associated with the Group since 2009 and has a total experience of nearly three decades in credit, compliance and operations including at Citibank and GE Capital. He is a commerce graduate, qualified Cost Accountant and MBA (Loyola, Chennai).
