Triveda Capital Makes a Strong Entry into the Realty Market Securing INR 80 Crore in First Round of INR 250 Crore Realty Fund

Bengaluru:

Triveda Capital, a SEBI-registered alternative investment fund (AIF) with ambitious plans to raise ₹250 crore, has successfully secured a first close of ₹80 crore. The investment was spearheaded by Ranjan Pai, chairman of the Manipal Education and Medical Group, marking a significant milestone for the newly launched fund.

Century Real Estate Holdings Leads the Charge

The fund, co-led by Ravindra Pai, Managing Director of Century Real Estate Holdings and partner at Triveda Capital, targets an impressive asset under management (AUM) of $1 billion over the next five years. Century Real Estate Holdings’ family office has committed 15% of the total fund size.

First Investment Secured Near Bengaluru Airport

Triveda Capital has already identified its first investment—a 30-acre plotted development project near Bengaluru Airport. The fund will focus on in-house under-construction and third-party plotted development projects, ensuring diversified investment across high-growth areas.

Fund Details and Strategic Focus

Triveda Capital is in the process of raising an additional ₹200 crore for its AIF, with a ₹50 crore green shoe option. As a Category II AIF, the "Bangalore Opportunity" fund specializes in plotted development and residential assets across major South Indian metropolitan areas.

Targeting Robust Returns and Strategic Investments

The fund aims to invest between ₹15 crore and ₹50 crore per project, with an expected internal rate of return (IRR) of 18%-21%. The fund, with a tenure of five years, already has a strong pipeline of two plotted transaction deals in Bengaluru, further solidifying its market presence. .