Alt Capital launches AYF III, raising Rs 1,000 crore for commercial real estate. The new Category II AIF, developed with FundsIndia Private Wealth, targets pre-leased Grade A and A+ office and warehouse assets across Bengaluru, NCR, and Pune. The fund aims for 16-18% IRR over 4-5 years, focusing on stable income-generating properties without greenfield development risks. Alt Capital's previous funds delivered strong results: AYF I achieved 8.6% weighted average yield across Mumbai and Bengaluru assets, while AYF II generated 8.2% yield. With a robust pipeline worth Rs 2,520 crore under evaluation, the fund capitalizes on India's buoyant commercial real estate market driven by rising global outsourcing, expansion of Global Capability Centres, and return-to-office trends.
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