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Nisus nears final close of its first real estate stressed assets fund

Mint Mumbai

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September 11, 2023

Mumbai-based Nisus Finance's alternative asset management arm, Nisus Finance & Investment Managers LLP is set to mark the final close of its maiden stressed assets fund after raising capital from a clutch of domestic and foreign-based investors.

- Priyal Mahtta

Nisus nears final close of its first real estate stressed assets fund

Nisus Finance's stressed assets fund, Real Estate Special Opportunities Fund-I (RESO-I), has received commitments worth ₹700 crore (nearly $85 million), in line with its aim to raise a corpus of ₹500 crore with a green shoe option of ₹200 crore.

The fund, floated in May, is expected to hit its final close by October, according to Amit Goenka, the managing director and chief executive officer of Nisus Finance. In June, the investment vehicle marked its first close at ₹350 crore, which it raised from domestic investors, reported first by VCCircle.

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