Archive for October 2016

Ashland Partners becomes an affiliate member of the Indian Association of Alternative Investment Funds (IAAIF)

“Ashland Partners & Company LLP joined the Indian Association of Alternative Investment Funds (IAAIF) as an affiliate member. Ashland Partners is a specialty CPA firm based in USA, providing due diligence solutions to the financial services industry. Founded in 1992, Ashland Partners pioneered the GIPS® verification business and remains the largest firm globally with over 700 engagements in twenty-five countries.”

IDFC Alternatives’ third real estate fund IDFC SCORE Fund announces final

Mumbai, Monday, October 3, 2016: The real estate arm of IDFC Alternatives Limited, one of the largest multi-asset class fund managers with an AUM of approximately Rs.17,000 crores, announces that it has completed fund raising for its third real estate fund–the IDFC SCORE Fund – and announced the final close of the fund at Rs.760 crores. A significant portion of the capital has been raised from its existing investor base.

IDFC SCORE Fund is a structured credit fund focused on the residential sector that aims to provide fully secured but flexible debt to real estate developers. The fund will predominantly invest in approved residential projects in the top 7 cities across the country (MMR, Bangalore, Chennai, NCR, Hyderabad, Pune & Kolkata).

Mr. M.K. Sinha, Managing Partner & CEO, IDFC Alternatives said, “This is another milestone for our real estate investments business that has been expanding its footprint steadily. We have been singularly focused on steady deployment and timely exits in all our current funds and plan to execute on the new fund in the same manner.”

Mr. Ritesh Vohra, Partner – Real Estate, IDFC Alternatives said, “Real estate markets continue to be slow and the need for capital remains high. Through the IDFC SCORE Fund, we intend to address the need for flexible and structured debt within real estate capital markets. We hope to create a high quality portfolio and a superior investing experience for our investors.”

Creating a track record of consistent performance over the years, the IDFC Proprietary Office Fund (Rs.700 crores) has been fully exited generating a 22% IRR. The IDFC Real Estate Yield Fund has committed its entire corpus of Rs.750 crores and returned over Rs.350 crores to its investors within 30 months of fund raising

About IDFC Alternatives Limited

 IDFC Alternatives Ltd (“IDFC Alternatives”) is a 100% subsidiary of IDFC and is an advisor and investment manager of IDFC sponsored funds across private equity, infrastructure and real estate. IDFC Alternatives is one of India’s largest multi-asset class fund managers with assets under management of approximatelyRs.17,000 crores. IDFC Alternatives is active across three key asset classes: Private Equity, Infrastructure and Real Estate and has over 60 professionals based out of Mumbai, Delhi and Singapore.

Media Queries –

Piyali Reddy
Senior Vice President – Corporate Communications
Dibyajyoti Chatterjee
Adfactors PR

Indian Association of Alternative Investment Funds (IAAIF)

The Association of International Wealth Management of India (AIWMI) along with the leading fund houses has recently set up the Indian Association of Alternative Investment Funds (IAAIF). IAAIF aims to set standards and provides a voice for the emerging alternative investments sector in India. The current Charter Members of IAAIF are Ambit Investment Advisors, Arthveda Fund Management, Ativir AIF, DSP Blackrock Investment Managers, Edelweiss Alternative Asset Advisors, Harmony Capital, IIFL Asset Management, IFMR Investment Managers, Kotak Investment Advisors, SBI AMC,and Unifi Capital with many other prominent institutions currently in the on-boarding stage. Current Affiliate Members are AZB & Partners, Ashland Partners, Milesoft Technologies &Amicorp Trustees.

Indian Alternative Investments Sector

The Alternative Investments industry is increasingly getting on track to be a bigger force in the broader Indian capital markets. Alternative investments are no longer just aimed at the super wealthy and institutional investors. An increasing number of clients across different segments are getting drawn to the significant benefits. Alternative Investments can add to their portfolios by diversifying risk exposure away from traditional fixed income and equity assets. India’s alternative investment funds (AIFs), more than doubled during the past year—the fastest among all other traditional investment vehicles such as mutual funds and market-linked insurance products. AIF managers raised capital commitments worth Rs. 50,441.49crores from individual and institutional investors till the end of June 2016 from Rs.24,873.49crores in June 2015. There are currently 209 Alternative Investment Funds registered with the market regulator Securities & Exchange Board of India (SEBI).

Local alternative fund managers, including private equity (PE) and venture capital (VC) funds, have followed their overseas counterparts in pouring money into Indian technology and e-commerce start-ups, triggering a boom in early-stage investments. In addition, prospects of a rebound in India’s economic growth have prompted wealthy investors in the country to embrace riskier investments in private equity, real estate and hedge funds in search of higher returns. Considering these trends, the prevailing sense is that the alternatives industry in India is still among the most nimble and adaptive sectors of the financial industry producing tremendous innovation across many aspects of the business. But given that the Indian economy is just about entering its most exciting yet challenging phase under a dreamteam of a proactive Government and efficient Regulators, the industry needs to come together to create a platform which benefits one and all, by fostering best products, practices & business ethics.

Aditya Gadge, Principal Advisor, Indian Association of Alternative Investment Funds said ‘The objective of IAAIF is to support, complement and develop the alternative investments sector in India. IAAIF will represent the industry in discussions with Government, its departments/agencies and the Regulators to ensure that the environment and infrastructure available can support the continued development and growth of the Industry.The association would seek common ground, putting aside competition among the various companies, to be able to advance the interests of the alternative investments industry as a whole.’

About IAAIF:

IAAIF has been established as a non-profit organization, with the objective of promoting and protecting the interests of the Alternative Investments industry in India and to act as the representative & advocacy body devoted to promote transparency, professional standards and trust in alternative investments. The association will also act as a platform for dialogue on regulatory and policy issues pertaining to alternative investment funds (AIFs), and building linkages among various stake-holders and strive to promote the professional development of the alternative investments industry as well as facilitate interaction and collaboration among its members.

Level 9, Platina Block G,
Plot C-59 Bandra-Kurla Complex
Ph: +91 86574 87784


Sign up today for regular updates and announcements from IAAIF