Sundaram Alternates has achieved the final close of its SA Real Estate Credit Fund V at $259 million (around Rs 2,500 crore), exceeding its initial target of Rs 1,500 crore within seven months of launch. The fund has already committed over 90% of its capital across multiple deals, reflecting strong investor demand for its performing real estate credit strategy.

The fund received commitments from institutional investors, insurance companies, family offices, corporate treasuries, and ultra-high-net-worth individuals (UHNIs), with sponsor Sundaram Finance Group also participating.

“Reaching a final close of Rs 2,500 crore in less than seven months is a strong validation of the platform we have built over nearly a decade,” said Karthik Athreya, Managing Director of Sundaram Alternates. He added that investors have consistently backed the firm’s underwriting discipline and risk management capabilities.

Fund V focuses on senior secured, amortising and cash-generating residential projects with a strong emphasis on capital protection and downside risk management.