JM Financial Asset Management Company has strengthened its alternatives platform with the launch of a ₹1,000 crore early-stage real estate Alternative Investment Fund (AIF), aimed at addressing the financing gap in India’s real estate sector.

The new fund will provide structured debt capital to established developers in metro cities, primarily to support land acquisition and approval-related costs—areas where traditional lenders face regulatory constraints.

Commenting on the development, Amitabh Mohanty, MD & CEO, JM Financial Asset Management Ltd, said the group is focused on building a comprehensive AIF ecosystem aligned with India’s next phase of enterprise growth. The platform is being developed around thematic, real asset-backed and non-traditional investment strategies across credit, real estate and pre-IPO opportunities.

The early-stage real estate fund targets a total corpus of ₹1,000 crore, with a likely first close of ₹500 crore. It leverages JM Financial’s decade-long experience in managing real estate credit and has already witnessed strong interest from institutional investors as well as HNIs and family offices.

In addition to the real estate fund, JM Financial AMC has filed applications with SEBI for its maiden pre-IPO fund and a follow-on performing credit fund. The pre-IPO strategy will focus on companies with an 18-month horizon to IPO, extending up to anchor book participation.

The asset manager’s first performing credit fund is progressing in line with its stated investment objectives, with multiple investments already exited successfully.

Mohanty added that alternative investments will remain a strategic priority for the group, with continued investments in specialist teams, robust risk management frameworks, due diligence capabilities and enhanced investor experience. With growing investor participation and rising demand for flexible capital solutions, JM Financial’s expanded AIF platform is positioned to play a meaningful role in supporting India’s growth over the next decade.